901 3rd Ave SClear 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 901 3rd Ave S, Clear Lake, IA, 50428 earns from $1,260/mo rent with a $2,680/mo payment. Total monthly income totals $1,260/mo. ROI tracks 4.77% on current figures, and rental yield reads 2.76% at a $547,600 purchase. Equity gained on principal adds $3,534/yr, and 5% annual appreciation supports $151,292 over five years. Five-year ROI reaches 22.01% and total cumulative return in cash sums $39,648. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,260/mo property income instead of your personal income.
Condo
Built in 2013
7,405 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: Renee Diemer • Diemer Realty
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6333479