1488 292nd StReddingIA50860
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 1488 292nd St, Redding, IA, 50860 in Redding is capital appreciation. Rental yield 3.74%. The 3.74% gross yield at $550,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $151,955 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.69) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $89,598.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 7.0% |
| Monthly Cash Flow | $(1,860) | $250 |
City averages based on Redding market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,712 |
| Total Monthly Debt Service | $3,353 |
| DSCR Ratio | 0.51x |
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 2016
26.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50860, Redding, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 143 (100%) |
| Owner Occupied HU | 85 (59.4%) |
| Renter Occupied HU | 26 (18.2%) |
| Vacant Housing Units | 32 (22.4%) |
| Median Home Value | $220,536 |
| Average Home Value | $231,676 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
4
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 2016
26.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50860, Redding, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 143 (100%) |
| Owner Occupied HU | 85 (59.4%) |
| Renter Occupied HU | 26 (18.2%) |
| Vacant Housing Units | 32 (22.4%) |
| Median Home Value | $220,536 |
| Average Home Value | $231,676 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices