1123 48th St APT 13Fort MadisonIA52627
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 1123 48th St APT 13, Fort Madison, IA, 52627 in Fort Madison achieves a 1.69 ratio at $125,000: $948/mo rent versus $562/mo debt service. Rental yield 9.55%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 9.55% yield compounds alongside 5% annual appreciation projecting $34,535 in value. Total projected cumulative return: $41,335.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $(67) | $150 |
City averages based on Fort Madison market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $948 |
| Total Monthly Debt Service | $1,012 |
| DSCR Ratio | 0.94x |
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 1998
3,920 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52627, Fort Madison, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,939 (100%) |
| Owner Occupied HU | 3,809 (64.1%) |
| Renter Occupied HU | 1,362 (22.9%) |
| Vacant Housing Units | 768 (12.9%) |
| Median Home Value | $150,116 |
| Average Home Value | $194,161 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,161
Multi-Family
362
Businesses
481
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 1998
3,920 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52627, Fort Madison, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,939 (100%) |
| Owner Occupied HU | 3,809 (64.1%) |
| Renter Occupied HU | 1,362 (22.9%) |
| Vacant Housing Units | 768 (12.9%) |
| Median Home Value | $150,116 |
| Average Home Value | $194,161 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,161
Multi-Family
362
Businesses
481
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maddie Belknap • Century 21/Property Profession
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6327077
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.