26782 600th StPalmerIA50571
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 26782 600th St, Palmer, IA, 50571 in Palmer worth modelling. At $235,000 with a 8.56% gross yield, the $1,676/mo rent leaves $150/mo after the $1,057/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.59 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $64,926 by year five; $2,164/yr in principal reduction adds further equity. Total projected return: $99,032.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.2% |
| Monthly Cash Flow | $150 | $200 |
City averages based on Palmer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,676 |
| Total Monthly Debt Service | $1,433 |
| DSCR Ratio | 1.17x |
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 1952
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50571, Palmer, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 214 (100%) |
| Owner Occupied HU | 142 (66.4%) |
| Renter Occupied HU | 21 ( 9.8%) |
| Vacant Housing Units | 51 (23.8%) |
| Median Home Value | $162,500 |
| Average Home Value | $197,377 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
13
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 1952
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50571, Palmer, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 214 (100%) |
| Owner Occupied HU | 142 (66.4%) |
| Renter Occupied HU | 21 ( 9.8%) |
| Vacant Housing Units | 51 (23.8%) |
| Median Home Value | $162,500 |
| Average Home Value | $197,377 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices