503 6th St NEClarionIA50525
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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
Rental property for sale in Clarion at 503 6th St NE, Clarion, IA, 50525 generates $1,687/mo in rent and, after a $925/mo payment, leaves $460/mo in cash flow. Total monthly income is $1,687/mo, and annual cash flow is $5,515/yr on $62,654 invested. Return on cash invested sits at 28.71% in year one, and rental yield is 10.71% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 150.46% and total cumulative return in cash sums $94,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,687/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
9,240 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50525, Clarion, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,845 (100%) |
| Owner Occupied HU | 1,016 (55.1%) |
| Renter Occupied HU | 444 (24.1%) |
| Vacant Housing Units | 385 (20.9%) |
| Median Home Value | $165,351 |
| Average Home Value | $189,193 |
Housing Distribution
Address Breakdown
Residential
1,493
Single Family
1,362
Multi-Family
131
Businesses
186
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