2202 15th AveEldoraIA50627
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 2202 15th Ave, Eldora, IA, 50627 in Eldora is straightforward: $117,500 in, $1,141/mo in rent, $354/mo out after debt service. The 11.65% gross yield and 2.16 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $32,463 by year five. With $1,082/yr in principal equity, the total cumulative return is projected at $67,660.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 7.0% |
| Monthly Cash Flow | $354 | $150 |
City averages based on Eldora market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,141 |
| Total Monthly Debt Service | $740 |
| DSCR Ratio | 1.54x |
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
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50627, Eldora, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,579 (100%) |
| Owner Occupied HU | 997 (63.1%) |
| Renter Occupied HU | 372 (23.6%) |
| Vacant Housing Units | 210 (13.3%) |
| Median Home Value | $147,877 |
| Average Home Value | $198,348 |
Housing Distribution
Address Breakdown
Residential
1,416
Single Family
1,352
Multi-Family
64
Businesses
143
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
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50627, Eldora, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,579 (100%) |
| Owner Occupied HU | 997 (63.1%) |
| Renter Occupied HU | 372 (23.6%) |
| Vacant Housing Units | 210 (13.3%) |
| Median Home Value | $147,877 |
| Average Home Value | $198,348 |
Housing Distribution
Address Breakdown
Residential
1,416
Single Family
1,352
Multi-Family
64
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gabrielle Mitchell • Oakridge Real Estate
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6328814
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-01 02:37:46 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#7734)