235 W 3rd StGarnerIA50438
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 235 W 3rd St, Garner, IA, 50438 in Garner. Priced at $152,500, it generates $1,862/mo in gross rent and $872/mo in net monthly cash flow, a 14.65% yield that comfortably supports the 2.71 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,464. Five-year appreciation: $42,133. Equity from principal paydown: $1,405/yr. Total projected cumulative return: $114,097.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 14.7% | 6.2% |
| Monthly Cash Flow | $872 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,862 |
| Total Monthly Debt Service | $930 |
| DSCR Ratio | 2.00x |
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 1950
4,356 sqft lot
$N/A/sqft
No HOA
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 1950
4,356 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jill M Kramer • Lakeside Brokers
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6330689
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.