3051 333rd StWellmanIA52356
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 3051 333rd St, Wellman, IA, 52356 in Wellman at $350,000, 5.13% gross yield, is a market-growth asset. Rental yield 5.13%. The $1,495/mo rent partially funds the $1,574/mo debt service; the core return is the 5%/yr price growth projected to add $96,699 over five years. Ziffy Mortgage's DSCR mortgage (0.95) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $83,095.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.1% | 8.0% |
| Monthly Cash Flow | $(778) | $300 |
City averages based on Wellman market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,495 |
| Total Monthly Debt Service | $2,134 |
| DSCR Ratio | 0.70x |
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 1910
2.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52356, Wellman, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,137 (100%) |
| Owner Occupied HU | 847 (74.5%) |
| Renter Occupied HU | 192 (16.9%) |
| Vacant Housing Units | 98 ( 8.6%) |
| Median Home Value | $230,340 |
| Average Home Value | $276,331 |
Housing Distribution
Address Breakdown
Residential
905
Single Family
881
Multi-Family
24
Businesses
72
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 1910
2.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52356, Wellman, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,137 (100%) |
| Owner Occupied HU | 847 (74.5%) |
| Renter Occupied HU | 192 (16.9%) |
| Vacant Housing Units | 98 ( 8.6%) |
| Median Home Value | $230,340 |
| Average Home Value | $276,331 |
Housing Distribution
Address Breakdown
Residential
905
Single Family
881
Multi-Family
24
Businesses
72
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices