10497 W AveWestgateIA50681
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 10497 W Ave, Westgate, IA, 50681 in Westgate the bet is firmly on appreciation. Rental yield 4.38%. The 4.38% gross yield on a $172,500 price is below income-first thresholds, but 5%/yr value growth projects $47,659 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.81) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $34,061.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 6.0% |
| Monthly Cash Flow | $(490) | $200 |
City averages based on Westgate market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $630 |
| Total Monthly Debt Service | $1,052 |
| DSCR Ratio | 0.60x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 N/A
30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50681, Westgate, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 185 (100%) |
| Owner Occupied HU | 160 (86.5%) |
| Renter Occupied HU | 17 ( 9.2%) |
| Vacant Housing Units | 8 ( 4.3%) |
| Median Home Value | $240,476 |
| Average Home Value | $316,219 |
Housing Distribution
Address Breakdown
Residential
179
Single Family
179
Multi-Family
0
Businesses
8
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 N/A
30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50681, Westgate, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 185 (100%) |
| Owner Occupied HU | 160 (86.5%) |
| Renter Occupied HU | 17 ( 9.2%) |
| Vacant Housing Units | 8 ( 4.3%) |
| Median Home Value | $240,476 |
| Average Home Value | $316,219 |
Housing Distribution
Address Breakdown
Residential
179
Single Family
179
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Travis J Smock • Peoples Company
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6327912
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.