1505 Little Bluestem Ct UNIT 109AmesIA50014
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 1505 Little Bluestem Ct UNIT 109, Ames, IA, 50014 in Ames is listed at $224,000 and delivers $1,812/mo in rent and $207/mo in net monthly cash flow. The 9.71% yield and 1.80 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $61,887 over five years, and $2,063/yr in principal reduction supplements cash return. Total projected cumulative return: $99,248.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.8% |
| Monthly Cash Flow | $207 | $450 |
City averages based on Ames market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,812 |
| Total Monthly Debt Service | $1,516 |
| DSCR Ratio | 1.20x |
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.
Condo
Built in 1980
1,733 sqft lot
$N/A/sqft
$150 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
Condo
Built in 1980
1,733 sqft lot
$N/A/sqft
$150 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Bentz • Agency Iowa
Mls Name: DMMLS
Mls Provider:
Mls ID: #725864
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