601 N 15th StClarindaIA51632
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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 Clarinda at 601 N 15th St, Clarinda, IA, 51632 listed at $157,900 pairs $1,050/mo rent with a $773/mo payment to leave $24/mo cash flow. Total monthly income runs $1,050/mo, and annual cash flow reaches $292/yr on $52,344 cash to close. Return on cash invested measures 20.47% in year one, and rental yield registers 7.98% at a $157,900 basis. Equity gained on principal adds $1,019/yr, and annual property appreciation at 5% supports $43,625 by year five. Five-year ROI tracks 106.31% and total cumulative return in cash totals $55,646. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,050/mo property income relative to a $773/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
0.26 Acres 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
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Listed by: Charles Thomas • Thomas Realty
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321761
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.