203 Primghar AveArcherIA51231
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 203 Primghar Ave, Archer, IA, 51231 in Archer earns a 11.57% gross yield at $115,000. Rent of $1,132/mo nets $362/mo after the $517/mo mortgage. The 2.19 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $31,772 and $1,059/yr in equity accumulation project a total cumulative return of $68,555.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 9.0% |
| Monthly Cash Flow | $362 | $300 |
City averages based on Archer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,132 |
| Total Monthly Debt Service | $701 |
| DSCR Ratio | 1.61x |
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.
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51231, Archer, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 113 (100%) |
| Owner Occupied HU | 83 (73.5%) |
| Renter Occupied HU | 13 (11.5%) |
| Vacant Housing Units | 17 (15.0%) |
| Median Home Value | $203,947 |
| Average Home Value | $228,916 |
Housing Distribution
Address Breakdown
Residential
71
Single Family
71
Multi-Family
0
Businesses
9
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 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51231, Archer, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 113 (100%) |
| Owner Occupied HU | 83 (73.5%) |
| Renter Occupied HU | 13 (11.5%) |
| Vacant Housing Units | 17 (15.0%) |
| Median Home Value | $203,947 |
| Average Home Value | $228,916 |
Housing Distribution
Address Breakdown
Residential
71
Single Family
71
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dean Fjeld • Northwest Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828328
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.