1104 Joshua Dr SEBondurantIA50035
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 1104 Joshua Dr SE, Bondurant, IA, 50035 in Bondurant earns a 9.13% gross yield at $435,000. Rent of $2,770/mo nets $483/mo after the $1,956/mo mortgage. The 1.42 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $120,182 and $4,006/yr in equity accumulation project a total cumulative return of $161,971.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.0% |
| Monthly Cash Flow | $483 | $300 |
City averages based on Bondurant market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,770 |
| Total Monthly Debt Service | $2,652 |
| DSCR Ratio | 1.04x |
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 2021
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50035, Bondurant, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,352 (100%) |
| Owner Occupied HU | 2,867 (85.5%) |
| Renter Occupied HU | 413 (12.3%) |
| Vacant Housing Units | 72 ( 2.1%) |
| Median Home Value | $343,186 |
| Average Home Value | $374,950 |
Housing Distribution
Address Breakdown
Residential
3,637
Single Family
3,194
Multi-Family
443
Businesses
171
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 2021
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50035, Bondurant, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,352 (100%) |
| Owner Occupied HU | 2,867 (85.5%) |
| Renter Occupied HU | 413 (12.3%) |
| Vacant Housing Units | 72 ( 2.1%) |
| Median Home Value | $343,186 |
| Average Home Value | $374,950 |
Housing Distribution
Address Breakdown
Residential
3,637
Single Family
3,194
Multi-Family
443
Businesses
171
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela McKenzie • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #714790
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.