2689 Wapsi Ridge DrWalkerIA52352
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 2689 Wapsi Ridge Dr, Walker, IA, 52352 in Walker is listed at $370,000 and delivers $2,838/mo in rent and $435/mo in net monthly cash flow. The 9.2% yield and 1.71 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $102,224 over five years, and $3,408/yr in principal reduction supplements cash return. Total projected cumulative return: $168,766.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.0% |
| Monthly Cash Flow | $435 | $1,200 |
City averages based on Walker market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,838 |
| Total Monthly Debt Service | $2,256 |
| DSCR Ratio | 1.26x |
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 1977
4.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52352, Walker, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 628 (79.8%) |
| Renter Occupied HU | 83 (10.5%) |
| Vacant Housing Units | 76 ( 9.7%) |
| Median Home Value | $332,743 |
| Average Home Value | $369,049 |
Housing Distribution
Address Breakdown
Residential
601
Single Family
601
Multi-Family
0
Businesses
28
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
4.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52352, Walker, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 628 (79.8%) |
| Renter Occupied HU | 83 (10.5%) |
| Vacant Housing Units | 76 ( 9.7%) |
| Median Home Value | $332,743 |
| Average Home Value | $369,049 |
Housing Distribution
Address Breakdown
Residential
601
Single Family
601
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Willmsen • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502563
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.