18262 State Highway 70ConesvilleIA52739
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.81% gross rental yield, 18262 State Highway 70, Conesville, IA, 52739 in Conesville is priced for capital growth, not immediate cash flow. The $333,500 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $92,140 by year five, with $3,072/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.08) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $91,381.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 7.0% |
| Monthly Cash Flow | $(552) | $1,200 |
City averages based on Conesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,614 |
| Total Monthly Debt Service | $2,033 |
| DSCR Ratio | 0.79x |
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 1900
2.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52739, Conesville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 236 (100%) |
| Owner Occupied HU | 172 (72.9%) |
| Renter Occupied HU | 49 (20.8%) |
| Vacant Housing Units | 15 ( 6.4%) |
| Median Home Value | $291,176 |
| Average Home Value | $313,605 |
Housing Distribution
Address Breakdown
Residential
180
Single Family
180
Multi-Family
0
Businesses
15
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 1900
2.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52739, Conesville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 236 (100%) |
| Owner Occupied HU | 172 (72.9%) |
| Renter Occupied HU | 49 (20.8%) |
| Vacant Housing Units | 15 ( 6.4%) |
| Median Home Value | $291,176 |
| Average Home Value | $313,605 |
Housing Distribution
Address Breakdown
Residential
180
Single Family
180
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Oien • First Choice Real Estate LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4263913
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.