303 Gamble StColumbus JunctionIA52738
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 303 Gamble St, Columbus Junction, IA, 52738 in Columbus Junction: $1,603/mo in rent, $532/mo net, 11.66% gross yield, all on a $165,000 acquisition. The 2.16 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $45,586 in value, and $1,520/yr in principal paydown steadily builds equity. Projected total cumulative return: $96,962.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 7.0% |
| Monthly Cash Flow | $532 | $300 |
City averages based on Columbus Junction market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,603 |
| Total Monthly Debt Service | $1,006 |
| DSCR Ratio | 1.59x |
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
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52738, Columbus Junction, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,415 (100%) |
| Owner Occupied HU | 934 (66.0%) |
| Renter Occupied HU | 326 (23.0%) |
| Vacant Housing Units | 155 (11.0%) |
| Median Home Value | $170,588 |
| Average Home Value | $257,869 |
Housing Distribution
Address Breakdown
Residential
1,287
Single Family
1,240
Multi-Family
47
Businesses
106
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
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52738, Columbus Junction, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,415 (100%) |
| Owner Occupied HU | 934 (66.0%) |
| Renter Occupied HU | 326 (23.0%) |
| Vacant Housing Units | 155 (11.0%) |
| Median Home Value | $170,588 |
| Average Home Value | $257,869 |
Housing Distribution
Address Breakdown
Residential
1,287
Single Family
1,240
Multi-Family
47
Businesses
106
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jay Robertson • Robertson Real Estate Inc
Mls Name: Iowa City Area AOR
Mls ID: #202507193