2153 Ginkgo AveWest ChesterIA52359
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 2153 Ginkgo Ave, West Chester, IA, 52359 in West Chester offers a clean, manageable entry. Rental yield 6.15%. DSCR 1.14 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $85,647 in additional property value over five years, with $2,855/yr in principal equity building ownership stake. Total projected cumulative return: $90,648.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 7.5% |
| Monthly Cash Flow | $(424) | $300 |
City averages based on West Chester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,589 |
| Total Monthly Debt Service | $1,890 |
| DSCR Ratio | 0.84x |
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 1977
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52359, West Chester, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 114 (100%) |
| Owner Occupied HU | 89 (78.1%) |
| Renter Occupied HU | 15 (13.2%) |
| Vacant Housing Units | 10 ( 8.8%) |
| Median Home Value | $266,379 |
| Average Home Value | $333,904 |
Housing Distribution
Address Breakdown
Residential
113
Single Family
113
Multi-Family
0
Businesses
11
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 1977
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52359, West Chester, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 114 (100%) |
| Owner Occupied HU | 89 (78.1%) |
| Renter Occupied HU | 15 (13.2%) |
| Vacant Housing Units | 10 ( 8.8%) |
| Median Home Value | $266,379 |
| Average Home Value | $333,904 |
Housing Distribution
Address Breakdown
Residential
113
Single Family
113
Multi-Family
0
Businesses
11
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hayley Hershberger • KALONA REALTY, INC.
Mls Name: Iowa City Area AOR
Mls ID: #202505855