13938 560th AveStory CityIA50248
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0.59% gross rental yield, 13938 560th Ave, Story City, IA, 50248 in Story City is priced for capital growth, not immediate cash flow. The $1,950,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $538,749 by year five, with $17,960/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.11) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0.6% | 8.5% |
| Monthly Cash Flow | $(11,710) | $300 |
City averages based on Story City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $954 |
| Total Monthly Debt Service | $11,888 |
| DSCR Ratio | 0.08x |
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 2009
13.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50248, Story City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,119 (100%) |
| Owner Occupied HU | 1,434 (67.7%) |
| Renter Occupied HU | 514 (24.3%) |
| Vacant Housing Units | 171 ( 8.1%) |
| Median Home Value | $244,920 |
| Average Home Value | $312,753 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,678
Multi-Family
330
Businesses
166
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 2009
13.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50248, Story City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,119 (100%) |
| Owner Occupied HU | 1,434 (67.7%) |
| Renter Occupied HU | 514 (24.3%) |
| Vacant Housing Units | 171 ( 8.1%) |
| Median Home Value | $244,920 |
| Average Home Value | $312,753 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,678
Multi-Family
330
Businesses
166
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marc Olson • RE/MAX Concepts
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6320819
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.