203 E Ridge StReadlynIA50668
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis is a cash-flow-light asset: 203 E Ridge St, Readlyn, IA, 50668 in Readlyn, $124,900, 10.56% gross yield, $163/mo net income. Consider it a market-entry position, the $1,099/mo rent covers the $562/mo payment with a margin, and 5%/yr appreciation is projected to add $34,508 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.96) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $66,058.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.0% |
| Monthly Cash Flow | $163 | $300 |
City averages based on Readlyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,099 |
| Total Monthly Debt Service | $761 |
| DSCR Ratio | 1.44x |
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 2000
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50668, Readlyn, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 564 (100%) |
| Owner Occupied HU | 447 (79.3%) |
| Renter Occupied HU | 72 (12.8%) |
| Vacant Housing Units | 45 ( 8.0%) |
| Median Home Value | $188,702 |
| Average Home Value | $225,710 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
261
Multi-Family
0
Businesses
32
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 2000
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50668, Readlyn, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 564 (100%) |
| Owner Occupied HU | 447 (79.3%) |
| Renter Occupied HU | 72 (12.8%) |
| Vacant Housing Units | 45 ( 8.0%) |
| Median Home Value | $188,702 |
| Average Home Value | $225,710 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
261
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices