809 7th Ave N APT 106Clear LakeIA50428
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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 Clear Lake at 809 7th Ave N APT 106, Clear Lake, IA, 50428 generates $1,020/mo in rent, after a $2,095/mo payment. Total monthly income is $1,020/mo. Return on cash invested sits at 5.03% in year one, and rental yield is 2.86% on a $428,000 entry. Equity gained on principal adds $2,762/yr, while 5% annual appreciation builds toward $118,249 over five years. Five-year ROI reaches 23.45% and total cumulative return in cash sums $33,275. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Condo
Built in 2013
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50428, Clear Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,980 (100%) |
| Owner Occupied HU | 3,140 (52.5%) |
| Renter Occupied HU | 1,090 (18.2%) |
| Vacant Housing Units | 1,750 (29.3%) |
| Median Home Value | $330,643 |
| Average Home Value | $446,903 |
Housing Distribution
Address Breakdown
Residential
4,998
Single Family
4,426
Multi-Family
572
Businesses
427
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Listed by: Jane Fischer • Jane Fischer & Associates LLC
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6334670