2821 Abilene AveRedfieldIA50233
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 2821 Abilene Ave, Redfield, IA, 50233 in Redfield fits: $629,000, 2.76% gross yield, and a projected 5% annual appreciation rate adding $173,781 in value within five years. Rental yield 2.76%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.57) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $5,793/yr in principal paydown and $173,781 in appreciation project a total return of $80,355.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.8% | 5.0% |
| Monthly Cash Flow | $(2,639) | $300 |
City averages based on Redfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,614 |
| Total Monthly Debt Service | $3,835 |
| DSCR Ratio | 0.42x |
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 1950
29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50233, Redfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 620 (100%) |
| Owner Occupied HU | 467 (75.3%) |
| Renter Occupied HU | 103 (16.6%) |
| Vacant Housing Units | 50 ( 8.1%) |
| Median Home Value | $213,068 |
| Average Home Value | $289,336 |
Housing Distribution
Address Breakdown
Residential
301
Single Family
301
Multi-Family
0
Businesses
31
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
29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50233, Redfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 620 (100%) |
| Owner Occupied HU | 467 (75.3%) |
| Renter Occupied HU | 103 (16.6%) |
| Vacant Housing Units | 50 ( 8.1%) |
| Median Home Value | $213,068 |
| Average Home Value | $289,336 |
Housing Distribution
Address Breakdown
Residential
301
Single Family
301
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Lorenzen • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #716392
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.