215 Olive StWestgateIA50681
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 215 Olive St, Westgate, IA, 50681 in Westgate earns a 9.62% gross yield at $159,500. Rent of $1,279/mo nets $243/mo after the $717/mo mortgage. The 1.78 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $44,067 and $1,469/yr in equity accumulation project a total cumulative return of $76,364.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $243 | $200 |
City averages based on Westgate market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,279 |
| Total Monthly Debt Service | $972 |
| DSCR Ratio | 1.32x |
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 1964
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50681, Westgate, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 185 (100%) |
| Owner Occupied HU | 160 (86.5%) |
| Renter Occupied HU | 17 ( 9.2%) |
| Vacant Housing Units | 8 ( 4.3%) |
| Median Home Value | $240,476 |
| Average Home Value | $316,219 |
Housing Distribution
Address Breakdown
Residential
179
Single Family
179
Multi-Family
0
Businesses
8
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 1964
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50681, Westgate, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 185 (100%) |
| Owner Occupied HU | 160 (86.5%) |
| Renter Occupied HU | 17 ( 9.2%) |
| Vacant Housing Units | 8 ( 4.3%) |
| Median Home Value | $240,476 |
| Average Home Value | $316,219 |
Housing Distribution
Address Breakdown
Residential
179
Single Family
179
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices