305 2nd Ave SHospersIA51238
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing305 2nd Ave S, Hospers, IA, 51238 in Hospers is a stable, well-positioned rental at $268,500. Rental yield 6.37%. DSCR 1.18 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $74,182 in value and $2,473/yr in principal paydown builds equity, a total projected return of $81,772.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 6.2% |
| Monthly Cash Flow | $(318) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,426 |
| Total Monthly Debt Service | $1,637 |
| DSCR Ratio | 0.87x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51238, Hospers, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 480 (100%) |
| Owner Occupied HU | 394 (82.1%) |
| Renter Occupied HU | 56 (11.7%) |
| Vacant Housing Units | 30 ( 6.2%) |
| Median Home Value | $210,000 |
| Average Home Value | $277,608 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
229
Multi-Family
11
Businesses
34
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
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51238, Hospers, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 480 (100%) |
| Owner Occupied HU | 394 (82.1%) |
| Renter Occupied HU | 56 (11.7%) |
| Vacant Housing Units | 30 ( 6.2%) |
| Median Home Value | $210,000 |
| Average Home Value | $277,608 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
229
Multi-Family
11
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Doughan • Real Broker, LLC
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829298
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.