304 N Franklin StAndrewIA52030
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 304 N Franklin St, Andrew, IA, 52030 in Andrew at $182,000 earns $1,225/mo in rent and nets $43/mo after the $818/mo payment, a 8.08% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $50,283 over five years. Ziffy Mortgage underwrites this on a 1.50 DSCR without U.S. credit history. With $1,676/yr in principal paydown, total projected return reaches $72,052.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.0% |
| Monthly Cash Flow | $43 | $400 |
City averages based on Andrew market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,225 |
| Total Monthly Debt Service | $1,110 |
| DSCR Ratio | 1.10x |
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
1.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52030, Andrew, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 160 (100%) |
| Owner Occupied HU | 121 (75.6%) |
| Renter Occupied HU | 19 (11.9%) |
| Vacant Housing Units | 20 (12.5%) |
| Median Home Value | $247,917 |
| Average Home Value | $313,678 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
10
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
1.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52030, Andrew, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 160 (100%) |
| Owner Occupied HU | 121 (75.6%) |
| Renter Occupied HU | 19 (11.9%) |
| Vacant Housing Units | 20 (12.5%) |
| Median Home Value | $247,917 |
| Average Home Value | $313,678 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices