2137 120th StFort DodgeIA50548
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 2137 120th St, Fort Dodge, IA, 50548 in Fort Dodge is narrow, $158/mo net on $1,217/mo rent after the $733/mo debt service, but the property operates at break-even-plus, not a loss. At $163,000 with a 8.96% yield, the long-run equity case via 5% appreciation ($45,034 over five years) and $1,501/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.66 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $72,269.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.0% |
| Monthly Cash Flow | $158 | $150 |
City averages based on Fort Dodge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,217 |
| Total Monthly Debt Service | $994 |
| DSCR Ratio | 1.22x |
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 1960
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50548, Humboldt, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,725 (100%) |
| Owner Occupied HU | 1,730 (63.5%) |
| Renter Occupied HU | 735 (27.0%) |
| Vacant Housing Units | 260 ( 9.5%) |
| Median Home Value | $186,927 |
| Average Home Value | $232,088 |
Housing Distribution
Address Breakdown
Residential
2,559
Single Family
2,288
Multi-Family
271
Businesses
288
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 1960
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50548, Humboldt, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,725 (100%) |
| Owner Occupied HU | 1,730 (63.5%) |
| Renter Occupied HU | 735 (27.0%) |
| Vacant Housing Units | 260 ( 9.5%) |
| Median Home Value | $186,927 |
| Average Home Value | $232,088 |
Housing Distribution
Address Breakdown
Residential
2,559
Single Family
2,288
Multi-Family
271
Businesses
288
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula S Skow • Thompson Real Estate
Mls Name: NoCoast MLS
Mls ID: #6329173