2851 Ocean AveGreeneIA50636
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play2851 Ocean Ave, Greene, IA, 50636 in Greene is priced for appreciation, not yield. Rental yield 1.38%. At $1,125,000 with a 1.38% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $310,817 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.26) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $41,017.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 1.4% | 6.2% |
| Monthly Cash Flow | $(6,014) | $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 | $1,292 |
| Total Monthly Debt Service | $6,859 |
| DSCR Ratio | 0.19x |
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 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50636, Greene, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 918 (100%) |
| Owner Occupied HU | 657 (71.6%) |
| Renter Occupied HU | 138 (15.0%) |
| Vacant Housing Units | 123 (13.4%) |
| Median Home Value | $170,927 |
| Average Home Value | $206,887 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
688
Multi-Family
0
Businesses
61
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
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 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50636, Greene, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 918 (100%) |
| Owner Occupied HU | 657 (71.6%) |
| Renter Occupied HU | 138 (15.0%) |
| Vacant Housing Units | 123 (13.4%) |
| Median Home Value | $170,927 |
| Average Home Value | $206,887 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
688
Multi-Family
0
Businesses
61
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.