642 Clinton AveMarengoIA52301
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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 Marengo at 642 Clinton Ave, Marengo, IA, 52301 with 5% annual appreciation on a $119,950 basis while $905/mo rent supports operations. Total monthly income totals $905/mo and a $587/mo payment preserves $126/mo for cash returns. Annual cash flow comes to $1,513/yr on $39,763 deployed, and return on cash invested reaches 23.71% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,140 alongside rental yield of 9.05%. Five-year ROI measures 123.77% and total cumulative return in cash totals $49,215.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $905/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52301, Marengo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,825 (100%) |
| Owner Occupied HU | 1,293 (70.8%) |
| Renter Occupied HU | 388 (21.3%) |
| Vacant Housing Units | 144 ( 7.9%) |
| Median Home Value | $173,966 |
| Average Home Value | $217,367 |
Housing Distribution
Address Breakdown
Residential
1,666
Single Family
1,582
Multi-Family
84
Businesses
141
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