219 E Main StRockwell CityIA50579
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.86% yield at 219 E Main St, Rockwell City, IA, 50579 in Rockwell City is solid, but the $985/mo payment compresses net cash flow to $13/mo at $219,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $60,506 by year five, and $2,017/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.32) without U.S. income documentation. Total projected return: $75,538.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 7.0% |
| Monthly Cash Flow | $13 | $150 |
City averages based on Rockwell City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,301 |
| Total Monthly Debt Service | $1,335 |
| DSCR Ratio | 0.97x |
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 N/A
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50579, Rockwell City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,241 (100%) |
| Owner Occupied HU | 811 (65.4%) |
| Renter Occupied HU | 220 (17.7%) |
| Vacant Housing Units | 210 (16.9%) |
| Median Home Value | $114,366 |
| Average Home Value | $186,107 |
Housing Distribution
Address Breakdown
Residential
1,067
Single Family
975
Multi-Family
92
Businesses
116
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 N/A
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50579, Rockwell City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,241 (100%) |
| Owner Occupied HU | 811 (65.4%) |
| Renter Occupied HU | 220 (17.7%) |
| Vacant Housing Units | 210 (16.9%) |
| Median Home Value | $114,366 |
| Average Home Value | $186,107 |
Housing Distribution
Address Breakdown
Residential
1,067
Single Family
975
Multi-Family
92
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Anderson • Decker and Company Real Estate
Mls Name: Fort Dodge BOR
Mls Provider:
Mls ID: #26198
Disclaimer: Copyright Fort Dodge Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.