205 2nd Ave SEFarleyIA52046
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $219,900, 205 2nd Ave SE, Farley, IA, 52046 in Farley generates $1,520/mo in rent (8.3% yield) but nets only $92/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 (1.54) 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: $60,754. Total projected return: $89,609.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.0% |
| Monthly Cash Flow | $92 | $150 |
City averages based on Farley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,520 |
| Total Monthly Debt Service | $1,341 |
| DSCR Ratio | 1.13x |
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 1916
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52046, Farley, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 982 (100%) |
| Owner Occupied HU | 747 (76.1%) |
| Renter Occupied HU | 200 (20.4%) |
| Vacant Housing Units | 35 ( 3.6%) |
| Median Home Value | $319,578 |
| Average Home Value | $360,944 |
Housing Distribution
Address Breakdown
Residential
815
Single Family
789
Multi-Family
26
Businesses
62
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 1916
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52046, Farley, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 982 (100%) |
| Owner Occupied HU | 747 (76.1%) |
| Renter Occupied HU | 200 (20.4%) |
| Vacant Housing Units | 35 ( 3.6%) |
| Median Home Value | $319,578 |
| Average Home Value | $360,944 |
Housing Distribution
Address Breakdown
Residential
815
Single Family
789
Multi-Family
26
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices