301 W Washington StExiraIA50076
INVESTMENT ANALYSIS
Investment Verdict
Solid Income301 W Washington St, Exira, IA, 50076 in Exira earns a respectable 9.23% gross yield at $135,000, but after the $607/mo mortgage the net cash flow is $161/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.71) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $37,298 over five years, making equity the dominant return driver. Total projected return: $61,742.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 8.0% |
| Monthly Cash Flow | $161 | $150 |
City averages based on Exira market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,038 |
| Total Monthly Debt Service | $823 |
| 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 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50076, Exira, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 694 (100%) |
| Owner Occupied HU | 502 (72.3%) |
| Renter Occupied HU | 118 (17.0%) |
| Vacant Housing Units | 74 (10.7%) |
| Median Home Value | $113,608 |
| Average Home Value | $191,763 |
Housing Distribution
Address Breakdown
Residential
514
Single Family
514
Multi-Family
0
Businesses
49
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
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50076, Exira, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 694 (100%) |
| Owner Occupied HU | 502 (72.3%) |
| Renter Occupied HU | 118 (17.0%) |
| Vacant Housing Units | 74 (10.7%) |
| Median Home Value | $113,608 |
| Average Home Value | $191,763 |
Housing Distribution
Address Breakdown
Residential
514
Single Family
514
Multi-Family
0
Businesses
49
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices