718 N 16th 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
Rental property for sale in Clarinda at 718 N 16th St, Clarinda, IA, 51632 generates $1,074/mo in rent and, after a $578/mo payment, leaves $307/mo in cash flow. Total monthly income is $1,074/mo, and annual cash flow is $3,686/yr on $39,117 invested. Return on cash invested sits at 29.33% in year one, and rental yield is 10.92% on a $118,000 entry. Equity gained on principal adds $761/yr, while 5% annual appreciation builds toward $32,601 over five years. Five-year ROI reaches 153.89% and total cumulative return in cash sums $60,195. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,074/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
14 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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