2902 Water StColumbus CityIA52737
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2902 Water St, Columbus City, IA, 52737 in Columbus City earns a respectable 8.7% gross yield at $158,900, but after the $715/mo mortgage the net cash flow is $120/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.61) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $43,901 over five years, making equity the dominant return driver. Total projected return: $68,163.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.0% |
| Monthly Cash Flow | $120 | $1,200 |
City averages based on Columbus City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,152 |
| Total Monthly Debt Service | $969 |
| DSCR Ratio | 1.19x |
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 1900
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52737, Columbus City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 183 (100%) |
| Owner Occupied HU | 135 (73.8%) |
| Renter Occupied HU | 31 (16.9%) |
| Vacant Housing Units | 17 ( 9.3%) |
| Median Home Value | $137,500 |
| Average Home Value | $187,315 |
Housing Distribution
Address Breakdown
Residential
138
Single Family
138
Multi-Family
0
Businesses
5
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 1900
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52737, Columbus City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 183 (100%) |
| Owner Occupied HU | 135 (73.8%) |
| Renter Occupied HU | 31 (16.9%) |
| Vacant Housing Units | 17 ( 9.3%) |
| Median Home Value | $137,500 |
| Average Home Value | $187,315 |
Housing Distribution
Address Breakdown
Residential
138
Single Family
138
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carolina Ponce • Re/Max Professionals
Mls Name: Muscatine BOR
Mls ID: #25-658