506 15th Ave NClintonIA52732
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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 Clinton at 506 15th Ave N, Clinton, IA, 52732 uses $46,410 cash to close to unlock $3,779/yr annual cash flow and $315/mo monthly cash flow. Total monthly income runs $1,246/mo, and a $685/mo payment keeps the spread at $315/mo. Purchase price stands at $140,000, and rental yield measures 10.68% with $1,246/mo rent. Return on cash invested shows 28.05% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 147.12% and total cumulative return in cash records $68,278. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,246/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1951
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52732, Clinton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,571 (100%) |
| Owner Occupied HU | 7,564 (60.2%) |
| Renter Occupied HU | 3,451 (27.5%) |
| Vacant Housing Units | 1,556 (12.4%) |
| Median Home Value | $156,796 |
| Average Home Value | $229,976 |
Housing Distribution
Address Breakdown
Residential
11,644
Single Family
10,798
Multi-Family
846
Businesses
779
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Listed by: Lacey Welsh-Daedlow • Ruhl&Ruhl REALTORS Davenport
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4263482
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.