306 Chestnut StAnitaIA50020
INVESTMENT ANALYSIS
Investment Verdict
Solid Income306 Chestnut St, Anita, IA, 50020 in Anita earns a respectable 9.46% gross yield at $115,000, but after the $517/mo mortgage the net cash flow is $160/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.75) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $31,772 over five years, making equity the dominant return driver. Total projected return: $54,083.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.0% |
| Monthly Cash Flow | $160 | $300 |
City averages based on Anita market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $907 |
| Total Monthly Debt Service | $701 |
| DSCR Ratio | 1.29x |
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
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50020, Anita, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 642 (100%) |
| Owner Occupied HU | 463 (72.1%) |
| Renter Occupied HU | 120 (18.7%) |
| Vacant Housing Units | 59 ( 9.2%) |
| Median Home Value | $153,646 |
| Average Home Value | $199,131 |
Housing Distribution
Address Breakdown
Residential
508
Single Family
502
Multi-Family
6
Businesses
41
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
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50020, Anita, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 642 (100%) |
| Owner Occupied HU | 463 (72.1%) |
| Renter Occupied HU | 120 (18.7%) |
| Vacant Housing Units | 59 ( 9.2%) |
| Median Home Value | $153,646 |
| Average Home Value | $199,131 |
Housing Distribution
Address Breakdown
Residential
508
Single Family
502
Multi-Family
6
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Norma Hemphill • Meyer & Gross Real Estate Co
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6318445
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.