207 3rd AveBayardIA50029
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 207 3rd Ave, Bayard, IA, 50029 in Bayard at $129,000 earns $840/mo in rent and nets $2/mo after the $580/mo payment, a 7.81% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $35,640 over five years. Ziffy Mortgage underwrites this on a 1.45 DSCR without U.S. credit history. With $1,188/yr in principal paydown, total projected return reaches $49,248.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.2% |
| Monthly Cash Flow | $2 | $400 |
City averages based on Bayard market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $840 |
| Total Monthly Debt Service | $786 |
| DSCR Ratio | 1.07x |
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 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50029, Bayard, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 310 (100%) |
| Owner Occupied HU | 219 (70.6%) |
| Renter Occupied HU | 52 (16.8%) |
| Vacant Housing Units | 39 (12.6%) |
| Median Home Value | $156,250 |
| Average Home Value | $205,445 |
Housing Distribution
Address Breakdown
Residential
174
Single Family
174
Multi-Family
0
Businesses
21
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
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50029, Bayard, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 310 (100%) |
| Owner Occupied HU | 219 (70.6%) |
| Renter Occupied HU | 52 (16.8%) |
| Vacant Housing Units | 39 (12.6%) |
| Median Home Value | $156,250 |
| Average Home Value | $205,445 |
Housing Distribution
Address Breakdown
Residential
174
Single Family
174
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices