601 E State StClarindaIA51632
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
Investment Highlights
Rental property for sale in Clarinda at 601 E State St, Clarinda, IA, 51632 priced at $116,500 pairs $982/mo rent with $226/mo cash flow after a $570/mo payment. Total monthly income equals $982/mo, and annual cash flow comes to $2,707/yr on $38,620 invested. Return on cash invested is 26.92% in year one, and rental yield stands at 10.12% on a $116,500 basis. Equity gained on principal adds $752/yr, and 5% annual appreciation accumulates to $32,187 by year five. Five-year ROI measures 140.88% and total cumulative return in cash reaches $54,408. For financing, Ziffy Mortgage’s DSCR program evaluates $982/mo property income against a $570/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51632, Clarinda, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,934 (100%) |
| Owner Occupied HU | 1,800 (61.3%) |
| Renter Occupied HU | 775 (26.4%) |
| Vacant Housing Units | 359 (12.2%) |
| Median Home Value | $146,361 |
| Average Home Value | $195,581 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,462
Multi-Family
143
Businesses
251
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices