3002 Jerry StVan MeterIA50261
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 3002 Jerry St, Van Meter, IA, 50261 in Van Meter: $2,729/mo in rent, $535/mo in net income, 9.75% gross yield, 1.81 DSCR, all at $335,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $92,803 in appreciation and $3,094/yr in principal paydown projects total cumulative return of $162,381.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 6.0% |
| Monthly Cash Flow | $535 | $500 |
City averages based on Van Meter market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,729 |
| Total Monthly Debt Service | $2,060 |
| DSCR Ratio | 1.32x |
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 2024
8,750 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50261, Van Meter, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,207 (100%) |
| Owner Occupied HU | 982 (81.4%) |
| Renter Occupied HU | 119 ( 9.9%) |
| Vacant Housing Units | 106 ( 8.8%) |
| Median Home Value | $523,148 |
| Average Home Value | $553,473 |
Housing Distribution
Address Breakdown
Residential
1,026
Single Family
1,014
Multi-Family
12
Businesses
39
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 2024
8,750 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50261, Van Meter, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,207 (100%) |
| Owner Occupied HU | 982 (81.4%) |
| Renter Occupied HU | 119 ( 9.9%) |
| Vacant Housing Units | 106 ( 8.8%) |
| Median Home Value | $523,148 |
| Average Home Value | $553,473 |
Housing Distribution
Address Breakdown
Residential
1,026
Single Family
1,014
Multi-Family
12
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lindsy Baker • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #707942
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.