1011 Highway 15ArmstrongIA50514
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 1011 Highway 15, Armstrong, IA, 50514 in Armstrong is priced for capital growth, not immediate cash flow. The $739,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $204,421 by year five, with $6,815/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.0% |
| Monthly Cash Flow | $0 | $1,200 |
City averages based on Armstrong market data in our database. Property projections are estimates.
Manufactured
Built in 2005
0.90 Acres lot
$N/A/sqft
$75 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50514, Armstrong, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 667 (100%) |
| Owner Occupied HU | 458 (68.7%) |
| Renter Occupied HU | 123 (18.4%) |
| Vacant Housing Units | 86 (12.9%) |
| Median Home Value | $125,714 |
| Average Home Value | $174,203 |
Housing Distribution
Address Breakdown
Residential
486
Single Family
486
Multi-Family
0
Businesses
45
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Manufactured
Built in 2005
0.90 Acres lot
$N/A/sqft
$75 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50514, Armstrong, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 667 (100%) |
| Owner Occupied HU | 458 (68.7%) |
| Renter Occupied HU | 123 (18.4%) |
| Vacant Housing Units | 86 (12.9%) |
| Median Home Value | $125,714 |
| Average Home Value | $174,203 |
Housing Distribution
Address Breakdown
Residential
486
Single Family
486
Multi-Family
0
Businesses
45
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Nancy Vierkant • EXIT Realty Midwest
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250568
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.