304 Lincoln StPlainfieldIA50666
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 304 Lincoln St, Plainfield, IA, 50666 in Plainfield. At $149,000 it earns $1,181/mo in rent and distributes $213/mo to the owner after the $670/mo payment, a consistent 9.51% yield. DSCR 1.76 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $41,166 in value; $1,372/yr in principal paydown compounds ownership stake. Total projected return: $70,432.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 5.0% |
| Monthly Cash Flow | $213 | $150 |
City averages based on Plainfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,181 |
| Total Monthly Debt Service | $908 |
| DSCR Ratio | 1.30x |
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 1940
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50666, Plainfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 452 (100%) |
| Owner Occupied HU | 362 (80.1%) |
| Renter Occupied HU | 46 (10.2%) |
| Vacant Housing Units | 44 ( 9.7%) |
| Median Home Value | $196,324 |
| Average Home Value | $229,841 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
14
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 1940
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50666, Plainfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 452 (100%) |
| Owner Occupied HU | 362 (80.1%) |
| Renter Occupied HU | 46 (10.2%) |
| Vacant Housing Units | 44 ( 9.7%) |
| Median Home Value | $196,324 |
| Average Home Value | $229,841 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alissa-Peyton Botts • Century 21 Signature Real Estate - Cedar Falls
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20260534