502 5th AveClarenceIA52216
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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
Investment Highlights
Investment property for sale in Clarence at 502 5th Ave, Clarence, IA, 52216 uses $59,438 cash to close to unlock $4,933/yr annual cash flow and $411/mo monthly cash flow. Total monthly income runs $1,576/mo, and a $878/mo payment keeps the spread at $411/mo. Purchase price stands at $179,300, and rental yield measures 10.55% with $1,576/mo rent. Return on cash invested shows 28.21% in year one, and 5% annual appreciation builds toward $49,537 over five years. Five-year ROI reaches 147.81% and total cumulative return in cash records $87,853. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,576/mo property income covering a $878/mo payment rather than investor’s personal income.
Single Family
Built in 1903
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52216, Clarence, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 659 (100%) |
| Owner Occupied HU | 473 (71.8%) |
| Renter Occupied HU | 156 (23.7%) |
| Vacant Housing Units | 30 ( 4.6%) |
| Median Home Value | $212,302 |
| Average Home Value | $250,233 |
Housing Distribution
Address Breakdown
Residential
432
Single Family
424
Multi-Family
8
Businesses
50
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