1012 1st St SEBelmondIA50421
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 1012 1st St SE, Belmond, IA, 50421 in Belmond earns a 10.37% gross yield at $150,100. Rent of $1,297/mo nets $322/mo after the $675/mo mortgage. The 1.92 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $41,470 and $1,382/yr in equity accumulation project a total cumulative return of $77,837.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.5% |
| Monthly Cash Flow | $322 | $150 |
City averages based on Belmond market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,297 |
| Total Monthly Debt Service | $915 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
8,448 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50421, Belmond, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,443 (100%) |
| Owner Occupied HU | 943 (65.3%) |
| Renter Occupied HU | 322 (22.3%) |
| Vacant Housing Units | 178 (12.3%) |
| Median Home Value | $128,194 |
| Average Home Value | $183,953 |
Housing Distribution
Address Breakdown
Residential
1,336
Single Family
1,211
Multi-Family
125
Businesses
129
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
Single Family
Built in 1962
8,448 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50421, Belmond, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,443 (100%) |
| Owner Occupied HU | 943 (65.3%) |
| Renter Occupied HU | 322 (22.3%) |
| Vacant Housing Units | 178 (12.3%) |
| Median Home Value | $128,194 |
| Average Home Value | $183,953 |
Housing Distribution
Address Breakdown
Residential
1,336
Single Family
1,211
Multi-Family
125
Businesses
129
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices