1202 450th StMeridenIA51037
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 1202 450th St, Meriden, IA, 51037 in Meriden is capital appreciation. Rental yield 4.8%. The 4.8% gross yield at $449,900 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $124,299 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.89) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $99,111.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 6.2% |
| Monthly Cash Flow | $(1,121) | $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 | $1,801 |
| Total Monthly Debt Service | $2,743 |
| DSCR Ratio | 0.66x |
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 1946
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51037, Meriden, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 182 (100%) |
| Owner Occupied HU | 127 (69.8%) |
| Renter Occupied HU | 22 (12.1%) |
| Vacant Housing Units | 33 (18.1%) |
| Median Home Value | $210,185 |
| Average Home Value | $232,461 |
Housing Distribution
Address Breakdown
Residential
80
Single Family
80
Multi-Family
0
Businesses
5
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 1946
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51037, Meriden, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 182 (100%) |
| Owner Occupied HU | 127 (69.8%) |
| Renter Occupied HU | 22 (12.1%) |
| Vacant Housing Units | 33 (18.1%) |
| Median Home Value | $210,185 |
| Average Home Value | $232,461 |
Housing Distribution
Address Breakdown
Residential
80
Single Family
80
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices