815 N 40th StClear 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
Investment property for sale in Clear Lake at 815 N 40th St, Clear Lake, IA, 50428 earns from $4,235/mo rent with a $3,426/mo payment. Total monthly income totals $4,235/mo. ROI tracks 18.44% on current figures, and rental yield reads 7.26% at a $699,905 purchase. Equity gained on principal adds $4,516/yr, and 5% annual appreciation supports $193,371 over five years. Five-year ROI reaches 95.35% and total cumulative return in cash sums $219,562. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,235/mo property income instead of your personal income.
Single Family
Built in 2007
11.91 Acres 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: DODIE WILKINS • Century 21 Preferred
Mls Name: Greater Mason BOR
Mls ID: #250770