115 W 5th StRemsenIA51050
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 115 W 5th St, Remsen, IA, 51050 in Remsen is straightforward: $175,000 in, $1,564/mo in rent, $427/mo out after debt service. The 10.72% gross yield and 1.88 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $48,349 by year five. With $1,467/yr in principal equity, the total cumulative return is projected at $90,779.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 7.5% |
| Monthly Cash Flow | $427 | $1,200 |
City averages based on Remsen market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,564 |
| Total Monthly Debt Service | $1,110 |
| DSCR Ratio | 1.41x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1984
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51050, Remsen, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,091 (100%) |
| Owner Occupied HU | 838 (76.8%) |
| Renter Occupied HU | 180 (16.5%) |
| Vacant Housing Units | 73 ( 6.7%) |
| Median Home Value | $263,793 |
| Average Home Value | $334,406 |
Housing Distribution
Address Breakdown
Residential
725
Single Family
702
Multi-Family
23
Businesses
71
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
