501 North StClearfieldIA50840
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 501 North St, Clearfield, IA, 50840 in Clearfield: $1,091/mo in rent, $214/mo in net income, 9.7% gross yield, 1.80 DSCR, all at $135,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $37,298 in appreciation and $1,243/yr in principal paydown projects total cumulative return of $65,162.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.0% |
| Monthly Cash Flow | $214 | $300 |
City averages based on Clearfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,091 |
| Total Monthly Debt Service | $823 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50840, Clearfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 216 (100%) |
| Owner Occupied HU | 152 (70.4%) |
| Renter Occupied HU | 29 (13.4%) |
| Vacant Housing Units | 35 (16.2%) |
| Median Home Value | $175,000 |
| Average Home Value | $204,227 |
Housing Distribution
Address Breakdown
Residential
141
Single Family
139
Multi-Family
2
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50840, Clearfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 216 (100%) |
| Owner Occupied HU | 152 (70.4%) |
| Renter Occupied HU | 29 (13.4%) |
| Vacant Housing Units | 35 (16.2%) |
| Median Home Value | $175,000 |
| Average Home Value | $204,227 |
Housing Distribution
Address Breakdown
Residential
141
Single Family
139
Multi-Family
2
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacy Larson • Preferred Properties of Iowa, Inc.
Mls Name: My State MLS
Mls ID: #11650963