308 N Main StWheatlandIA52777
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 308 N Main St, Wheatland, IA, 52777 in Wheatland is straightforward: $164,300 in, $1,524/mo in rent, $457/mo out after debt service. The 11.13% gross yield and 2.06 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $45,393 by year five. With $1,513/yr in principal equity, the total cumulative return is projected at $91,968.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.0% |
| Monthly Cash Flow | $457 | $300 |
City averages based on Wheatland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,524 |
| Total Monthly Debt Service | $1,002 |
| DSCR Ratio | 1.52x |
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 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52777, Wheatland, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 590 (100%) |
| Owner Occupied HU | 395 (66.9%) |
| Renter Occupied HU | 136 (23.1%) |
| Vacant Housing Units | 59 ( 10.0%) |
| Median Home Value | $184,028 |
| Average Home Value | $232,886 |
Housing Distribution
Address Breakdown
Residential
348
Single Family
334
Multi-Family
14
Businesses
44
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 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52777, Wheatland, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 590 (100%) |
| Owner Occupied HU | 395 (66.9%) |
| Renter Occupied HU | 136 (23.1%) |
| Vacant Housing Units | 59 ( 10.0%) |
| Median Home Value | $184,028 |
| Average Home Value | $232,886 |
Housing Distribution
Address Breakdown
Residential
348
Single Family
334
Multi-Family
14
Businesses
44
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices