507 1st 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 507 1st Ave, Clarence, IA, 52216 uses $106,063 cash to close to unlock $685/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $2,135/mo, and a $1,566/mo payment keeps the spread at $57/mo. Purchase price stands at $319,950, and rental yield measures 8.01% with $2,135/mo rent. Return on cash invested shows 20.55% in year one, and 5% annual appreciation builds toward $88,396 over five years. Five-year ROI reaches 106.75% and total cumulative return in cash records $113,219. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,135/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1983
0.83 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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