1045 Rake Ave, Belmond, IA, 50421 | 6% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,376/mo, and a $1,346/mo payment. Purchase price stands at $275,000, and rental yield measures 6% with $1,376/mo rent. Return on cash invested shows 14.51% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 74.29% and total cumulative return in cash records $67,727. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,376/mo property income covering a $1,346/mo payment rather than investor’s personal income.

Single Family

Built in 1949

6 Acres 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