211 2nd St SEBelmondIA50421
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 211 2nd St SE, Belmond, IA, 50421 in Belmond is priced for capital growth, not immediate cash flow. The $120,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $33,154 by year five, with $1,105/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.5% |
| Monthly Cash Flow | $0 | $150 |
City averages based on Belmond market data in our database. Property projections are estimates.
Single Family
Built in 1948
9,240 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50421, Belmond, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,443 (100%) |
| Owner Occupied HU | 943 (65.3%) |
| Renter Occupied HU | 322 (22.3%) |
| Vacant Housing Units | 178 (12.3%) |
| Median Home Value | $128,194 |
| Average Home Value | $183,953 |
Housing Distribution
Address Breakdown
Residential
1,336
Single Family
1,211
Multi-Family
125
Businesses
129
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
9,240 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50421, Belmond, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,443 (100%) |
| Owner Occupied HU | 943 (65.3%) |
| Renter Occupied HU | 322 (22.3%) |
| Vacant Housing Units | 178 (12.3%) |
| Median Home Value | $128,194 |
| Average Home Value | $183,953 |
Housing Distribution
Address Breakdown
Residential
1,336
Single Family
1,211
Multi-Family
125
Businesses
129
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices