204 1st StPilot MoundIA50223
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.19% yield at 204 1st St, Pilot Mound, IA, 50223 in Pilot Mound is solid, but the $495/mo payment compresses net cash flow to $128/mo at $110,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $30,391 by year five, and $1,013/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.70) without U.S. income documentation. Total projected return: $50,041.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.0% |
| Monthly Cash Flow | $128 | $300 |
City averages based on Pilot Mound market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $842 |
| Total Monthly Debt Service | $671 |
| 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.
Single Family
Built in 1898
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50223, Pilot Mound, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 177 (100%) |
| Owner Occupied HU | 137 (77.4%) |
| Renter Occupied HU | 16 ( 9.0%) |
| Vacant Housing Units | 24 (13.6%) |
| Median Home Value | $252,586 |
| Average Home Value | $259,307 |
Housing Distribution
Address Breakdown
Residential
119
Single Family
119
Multi-Family
0
Businesses
5
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 1898
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50223, Pilot Mound, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 177 (100%) |
| Owner Occupied HU | 137 (77.4%) |
| Renter Occupied HU | 16 ( 9.0%) |
| Vacant Housing Units | 24 (13.6%) |
| Median Home Value | $252,586 |
| Average Home Value | $259,307 |
Housing Distribution
Address Breakdown
Residential
119
Single Family
119
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Knutsen, Rachel • Boutique Real Estate
Mls Name: DMMLS
Mls ID: #731387