15407 Hammontree DrUrbandaleIA50323
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 15407 Hammontree Dr, Urbandale, IA, 50323 in Urbandale achieves 1.53, rent of $1,517/mo covers the $989/mo payment 1.5x over at $219,900. Rental yield 8.28%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $60,754 over five years, with $2,025/yr in principal reduction bringing total projected return to $75,329.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.8% |
| Monthly Cash Flow | $(146) | $450 |
City averages based on Urbandale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,517 |
| Total Monthly Debt Service | $1,576 |
| DSCR Ratio | 0.96x |
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.
Townhouse
Built in 2004
1,563 sqft lot
$N/A/sqft
$235 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50323, Urbandale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,564 (100%) |
| Owner Occupied HU | 5,486 (83.6%) |
| Renter Occupied HU | 803 (12.2%) |
| Vacant Housing Units | 275 ( 4.2%) |
| Median Home Value | $452,309 |
| Average Home Value | $516,808 |
Housing Distribution
Address Breakdown
Residential
6,701
Single Family
6,582
Multi-Family
119
Businesses
393
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
Townhouse
Built in 2004
1,563 sqft lot
$N/A/sqft
$235 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50323, Urbandale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,564 (100%) |
| Owner Occupied HU | 5,486 (83.6%) |
| Renter Occupied HU | 803 (12.2%) |
| Vacant Housing Units | 275 ( 4.2%) |
| Median Home Value | $452,309 |
| Average Home Value | $516,808 |
Housing Distribution
Address Breakdown
Residential
6,701
Single Family
6,582
Multi-Family
119
Businesses
393
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacquelyn Duke • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #735700
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.