307 Prospect St NWBlairstownIA52209
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Blairstown rental at 307 Prospect St NW, Blairstown, IA, 52209 sits in the solid-income band: 9.07% gross yield, $1,549/mo rent, $218/mo net after the $922/mo debt service, DSCR 1.68. Entry price of $205,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $56,638 and $1,888/yr in principal reduction bring total cumulative return to $91,989.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.0% |
| Monthly Cash Flow | $218 | $900 |
City averages based on Blairstown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,549 |
| Total Monthly Debt Service | $1,250 |
| DSCR Ratio | 1.24x |
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 1962
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52209, Blairstown, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 453 (100%) |
| Owner Occupied HU | 372 (82.1%) |
| Renter Occupied HU | 56 (12.4%) |
| Vacant Housing Units | 25 ( 5.5%) |
| Median Home Value | $209,804 |
| Average Home Value | $248,380 |
Housing Distribution
Address Breakdown
Residential
245
Single Family
245
Multi-Family
0
Businesses
31
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 1962
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52209, Blairstown, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 453 (100%) |
| Owner Occupied HU | 372 (82.1%) |
| Renter Occupied HU | 56 (12.4%) |
| Vacant Housing Units | 25 ( 5.5%) |
| Median Home Value | $209,804 |
| Average Home Value | $248,380 |
Housing Distribution
Address Breakdown
Residential
245
Single Family
245
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TJ Kopet • Edge Realty Group
Mls Name: Iowa City Area AOR
Mls ID: #202600810