602 S 9th StClintonIA52732
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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 Clinton at 602 S 9th St, Clinton, IA, 52732 priced at $125,000 converts $969/mo rent into $157/mo cash flow after a $612/mo obligation. Total monthly income equals $969/mo, and annual cash flow totals $1,884/yr on $41,438 invested. Return on cash invested prints 24.46% in year one, and rental yield reads 9.3% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 127.61% and total cumulative return in cash sums $52,877. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $969/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1928
3,640 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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