903 May CtLe ClaireIA52753
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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 Le Claire at 903 May Ct, Le Claire, IA, 52753 offers $1,764/mo rent that, after a $1,223/mo payment, leaves $141/mo cash flow. Total monthly income is $1,764/mo, and annual cash flow is $1,694/yr on $82,842 cash. Return on cash invested measures 21.95% in year one, and rental yield stands at 8.47% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 114.26% and total cumulative return in cash reaches $94,658. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,764/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1978
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52753, Le Claire, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,590 (100%) |
| Owner Occupied HU | 2,079 (80.3%) |
| Renter Occupied HU | 330 (12.7%) |
| Vacant Housing Units | 181 ( 7.0%) |
| Median Home Value | $368,249 |
| Average Home Value | $415,228 |
Housing Distribution
Address Breakdown
Residential
2,378
Single Family
2,378
Multi-Family
0
Businesses
150
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Listed by: Jill Slyter • RE/MAX Concepts Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262715
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.