302 Jones St SUITE 406Sioux CityIA51101
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 302 Jones St SUITE 406, Sioux City, IA, 51101 in Sioux City. At $164,950 it earns $1,346/mo in rent and distributes $275/mo to the owner after the $742/mo payment, a consistent 9.79% yield. DSCR 1.81 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $45,573 in value; $1,519/yr in principal paydown compounds ownership stake. Total projected return: $80,481.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 7.2% |
| Monthly Cash Flow | $275 | $450 |
City averages based on Sioux City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,346 |
| Total Monthly Debt Service | $1,006 |
| DSCR Ratio | 1.34x |
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.
Condo
Built in 1906
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51101, Sioux City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 993 (100%) |
| Owner Occupied HU | 47 ( 4.7%) |
| Renter Occupied HU | 779 (78.4%) |
| Vacant Housing Units | 167 (16.8%) |
| Median Home Value | $222,826 |
| Average Home Value | $233,564 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
176
Multi-Family
746
Businesses
633
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
Condo
Built in 1906
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51101, Sioux City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 993 (100%) |
| Owner Occupied HU | 47 ( 4.7%) |
| Renter Occupied HU | 779 (78.4%) |
| Vacant Housing Units | 167 (16.8%) |
| Median Home Value | $222,826 |
| Average Home Value | $233,564 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
176
Multi-Family
746
Businesses
633
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Sissel • Century 21 ProLink
Mls Name: Northwest Iowa Regional BOR
Mls ID: #829398