118 Peterson PkwyMadridIA50156
INVESTMENT ANALYSIS
Investment Verdict
Solid Income118 Peterson Pkwy, Madrid, IA, 50156 in Madrid carries a 1.51 coverage ratio, rent of $2,035/mo is 1.51 times the $1,349/mo payment. Rental yield 8.14%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $300,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $82,884; total projected cumulative return: $107,716.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.2% |
| Monthly Cash Flow | $(113) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,035 |
| Total Monthly Debt Service | $2,029 |
| DSCR Ratio | 1.00x |
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.
Townhouse
Built in 2005
0.29 Acres lot
$N/A/sqft
$200 monthly HOA
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
Townhouse
Built in 2005
0.29 Acres lot
$N/A/sqft
$200 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nate Nerem • Nerem & Associates
Mls Name: CIBR
Mls Provider:
Mls ID: #68037
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.