121 N 16th StEsthervilleIA51334
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 121 N 16th St, Estherville, IA, 51334 in Estherville is narrow, $91/mo net on $1,072/mo rent after the $679/mo debt service, but the property operates at break-even-plus, not a loss. At $151,000 with a 8.52% yield, the long-run equity case via 5% appreciation ($41,719 over five years) and $1,391/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.58 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $63,372.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.0% |
| Monthly Cash Flow | $91 | $300 |
City averages based on Estherville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,072 |
| Total Monthly Debt Service | $921 |
| DSCR Ratio | 1.16x |
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.
Single Family
Built in 1952
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51334, Estherville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,287 (100%) |
| Owner Occupied HU | 2,268 (69.0%) |
| Renter Occupied HU | 683 (20.8%) |
| Vacant Housing Units | 336 (10.2%) |
| Median Home Value | $114,829 |
| Average Home Value | $160,100 |
Housing Distribution
Address Breakdown
Residential
3,164
Single Family
2,916
Multi-Family
248
Businesses
290
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 1952
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51334, Estherville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,287 (100%) |
| Owner Occupied HU | 2,268 (69.0%) |
| Renter Occupied HU | 683 (20.8%) |
| Vacant Housing Units | 336 (10.2%) |
| Median Home Value | $114,829 |
| Average Home Value | $160,100 |
Housing Distribution
Address Breakdown
Residential
3,164
Single Family
2,916
Multi-Family
248
Businesses
290
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rob Goebel • eXp Realty LLC
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250471
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.