2132 315th AveRidgewayIA52165
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.2% gross rental yield, 2132 315th Ave, Ridgeway, IA, 52165 in Ridgeway is priced for capital growth, not immediate cash flow. The $570,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $157,480 by year five, with $5,250/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.96) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $137,613.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 6.2% |
| Monthly Cash Flow | $(1,232) | $350 |
City averages based on Ridgeway market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,470 |
| Total Monthly Debt Service | $3,475 |
| DSCR Ratio | 0.71x |
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 2017
9 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52165, Ridgeway, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 469 (100%) |
| Owner Occupied HU | 351 (74.8%) |
| Renter Occupied HU | 79 (16.8%) |
| Vacant Housing Units | 39 ( 8.3%) |
| Median Home Value | $321,795 |
| Average Home Value | $422,892 |
Housing Distribution
Address Breakdown
Residential
371
Single Family
371
Multi-Family
0
Businesses
16
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 2017
9 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52165, Ridgeway, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 469 (100%) |
| Owner Occupied HU | 351 (74.8%) |
| Renter Occupied HU | 79 (16.8%) |
| Vacant Housing Units | 39 ( 8.3%) |
| Median Home Value | $321,795 |
| Average Home Value | $422,892 |
Housing Distribution
Address Breakdown
Residential
371
Single Family
371
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices