809 7th Ave NClear LakeIA50428
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
Investment Highlights
Investment property for sale in Clear Lake at 809 7th Ave N, Clear Lake, IA, 50428 offers a 4.91% rental yield on a $428,000 purchase with $1,753/mo rent. 22% in year one. Equity gained on principal adds $2,762/yr while 5% annual appreciation supports $118,249 over five years. Portfolio math shows five-year ROI at 56.7% and total cumulative return in cash at $80,447. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,753/mo property income against a $2,095/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2023
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JANE FISCHER • Jane Fischer & Associates Llc
Mls Name: Greater Mason BOR
Mls ID: #260009