203 1st Ave SDakota CityIA50529
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $159,000, 203 1st Ave S, Dakota City, IA, 50529 in Dakota City generates $1,217/mo in rent (9.18% yield) but nets only $184/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.70) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $43,929. Total projected return: $72,395.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.2% |
| Monthly Cash Flow | $184 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,217 |
| Total Monthly Debt Service | $969 |
| DSCR Ratio | 1.26x |
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.
Multi Family
Built in 1880
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50529, Dakota City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 407 (100%) |
| Owner Occupied HU | 303 (74.4%) |
| Renter Occupied HU | 71 (17.4%) |
| Vacant Housing Units | 33 ( 8.1%) |
| Median Home Value | $153,484 |
| Average Home Value | $170,652 |
Housing Distribution
Address Breakdown
Residential
223
Single Family
220
Multi-Family
3
Businesses
26
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
Multi Family
Built in 1880
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50529, Dakota City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 407 (100%) |
| Owner Occupied HU | 303 (74.4%) |
| Renter Occupied HU | 71 (17.4%) |
| Vacant Housing Units | 33 ( 8.1%) |
| Median Home Value | $153,484 |
| Average Home Value | $170,652 |
Housing Distribution
Address Breakdown
Residential
223
Single Family
220
Multi-Family
3
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deb Almond • Growthland Realty
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6334492