306 W 7th StRicevilleIA50466
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 306 W 7th St, Riceville, IA, 50466 in Riceville earns a 10.05% gross yield at $169,000. Rent of $1,415/mo nets $317/mo after the $760/mo mortgage. The 1.86 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $46,692 and $1,557/yr in equity accumulation project a total cumulative return of $84,763.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.2% |
| Monthly Cash Flow | $317 | $250 |
City averages based on Riceville 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 | $1,415 |
| Total Monthly Debt Service | $1,030 |
| DSCR Ratio | 1.37x |
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 1976
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50466, Riceville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 743 (100%) |
| Owner Occupied HU | 543 (73.1%) |
| Renter Occupied HU | 128 (17.2%) |
| Vacant Housing Units | 72 ( 9.7%) |
| Median Home Value | $191,016 |
| Average Home Value | $305,948 |
Housing Distribution
Address Breakdown
Residential
619
Single Family
601
Multi-Family
18
Businesses
49
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 1976
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50466, Riceville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 743 (100%) |
| Owner Occupied HU | 543 (73.1%) |
| Renter Occupied HU | 128 (17.2%) |
| Vacant Housing Units | 72 ( 9.7%) |
| Median Home Value | $191,016 |
| Average Home Value | $305,948 |
Housing Distribution
Address Breakdown
Residential
619
Single Family
601
Multi-Family
18
Businesses
49
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices