10641 SE 6th AveRunnellsIA50237
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 10641 SE 6th Ave, Runnells, IA, 50237 in Runnells at $484,000, 4.29% gross yield, is a market-growth asset. Rental yield 4.29%. The $1,732/mo rent partially funds the $2,176/mo debt service; the core return is the 5%/yr price growth projected to add $133,720 over five years. Ziffy Mortgage's DSCR mortgage (0.80) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $93,389.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 5.5% |
| Monthly Cash Flow | $(1,412) | $250 |
City averages based on Runnells market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,732 |
| Total Monthly Debt Service | $2,951 |
| DSCR Ratio | 0.59x |
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 1976
1.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50237, Runnells, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,212 (100%) |
| Owner Occupied HU | 1,058 (87.3%) |
| Renter Occupied HU | 116 ( 9.6%) |
| Vacant Housing Units | 38 ( 3.1%) |
| Median Home Value | $374,895 |
| Average Home Value | $411,269 |
Housing Distribution
Address Breakdown
Residential
1,129
Single Family
1,114
Multi-Family
15
Businesses
29
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 1976
1.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50237, Runnells, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,212 (100%) |
| Owner Occupied HU | 1,058 (87.3%) |
| Renter Occupied HU | 116 ( 9.6%) |
| Vacant Housing Units | 38 ( 3.1%) |
| Median Home Value | $374,895 |
| Average Home Value | $411,269 |
Housing Distribution
Address Breakdown
Residential
1,129
Single Family
1,114
Multi-Family
15
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Seth Walker • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #708874
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.