204 1st Ave WWorthingtonIA52078
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play204 1st Ave W, Worthington, IA, 52078 in Worthington is priced for appreciation, not yield. Rental yield 5.48%. At $279,900 with a 5.48% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $77,331 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.02) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $71,860.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.5% | 6.0% |
| Monthly Cash Flow | $(539) | $5,000 |
City averages based on Worthington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,279 |
| Total Monthly Debt Service | $1,706 |
| DSCR Ratio | 0.75x |
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
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52078, Worthington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 340 (100%) |
| Owner Occupied HU | 285 (83.8%) |
| Renter Occupied HU | 34 ( 10.0%) |
| Vacant Housing Units | 21 ( 6.2%) |
| Median Home Value | $345,238 |
| Average Home Value | $453,482 |
Housing Distribution
Address Breakdown
Residential
292
Single Family
292
Multi-Family
0
Businesses
18
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
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52078, Worthington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 340 (100%) |
| Owner Occupied HU | 285 (83.8%) |
| Renter Occupied HU | 34 ( 10.0%) |
| Vacant Housing Units | 21 ( 6.2%) |
| Median Home Value | $345,238 |
| Average Home Value | $453,482 |
Housing Distribution
Address Breakdown
Residential
292
Single Family
292
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Theresa Neuhaus • American Realty of Dubuque, Inc.
Mls Name: East Central Iowa AOR
Mls ID: #152745