115 16th Ave WAlbiaIA52531
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 115 16th Ave W, Albia, IA, 52531 in Albia is a conservative rental investment at $172,500. Rental yield 6.56%. A 1.22 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $47,659; $1,589/yr in principal paydown supplements. Total projected return: $54,209.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 6.0% |
| Monthly Cash Flow | $(177) | $300 |
City averages based on Albia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $943 |
| Total Monthly Debt Service | $1,052 |
| DSCR Ratio | 0.90x |
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.
Multi Family
Built in 2009
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52531, Albia, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,708 (100%) |
| Owner Occupied HU | 1,795 (66.3%) |
| Renter Occupied HU | 630 (23.3%) |
| Vacant Housing Units | 283 (10.5%) |
| Median Home Value | $163,902 |
| Average Home Value | $231,592 |
Housing Distribution
Address Breakdown
Residential
2,469
Single Family
2,400
Multi-Family
69
Businesses
245
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
Multi Family
Built in 2009
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52531, Albia, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,708 (100%) |
| Owner Occupied HU | 1,795 (66.3%) |
| Renter Occupied HU | 630 (23.3%) |
| Vacant Housing Units | 283 (10.5%) |
| Median Home Value | $163,902 |
| Average Home Value | $231,592 |
Housing Distribution
Address Breakdown
Residential
2,469
Single Family
2,400
Multi-Family
69
Businesses
245
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices