808 Clark Ave #810AmesIA50010
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Ames rental at 808 Clark Ave #810, Ames, IA, 50010 sits in the solid-income band: 11.62% gross yield, $1,321/mo rent, $435/mo net after the $613/mo debt service, DSCR 2.15. Entry price of $136,400 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $37,685 and $1,256/yr in principal reduction bring total cumulative return to $79,938.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 6.8% |
| Monthly Cash Flow | $435 | $450 |
City averages based on Ames market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,321 |
| Total Monthly Debt Service | $832 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
6,011 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50010, Ames, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,803 (100%) |
| Owner Occupied HU | 7,674 (48.6%) |
| Renter Occupied HU | 6,803 (43.0%) |
| Vacant Housing Units | 1,326 ( 8.4%) |
| Median Home Value | $278,739 |
| Average Home Value | $316,851 |
Housing Distribution
Address Breakdown
Residential
14,863
Single Family
11,095
Multi-Family
3,768
Businesses
1,547
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
Multi Family
Built in 1900
6,011 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50010, Ames, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,803 (100%) |
| Owner Occupied HU | 7,674 (48.6%) |
| Renter Occupied HU | 6,803 (43.0%) |
| Vacant Housing Units | 1,326 ( 8.4%) |
| Median Home Value | $278,739 |
| Average Home Value | $316,851 |
Housing Distribution
Address Breakdown
Residential
14,863
Single Family
11,095
Multi-Family
3,768
Businesses
1,547
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices