308 W 5th StWoodwardIA50276
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Woodward rental at 308 W 5th St, Woodward, IA, 50276 sits in the solid-income band: 9.31% gross yield, $1,936/mo rent, $315/mo net after the $1,122/mo debt service, DSCR 1.73. Entry price of $249,500 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 $68,932 and $2,298/yr in principal reduction bring total cumulative return to $115,253.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.2% |
| Monthly Cash Flow | $315 | $300 |
City averages based on Woodward market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,936 |
| Total Monthly Debt Service | $1,521 |
| DSCR Ratio | 1.27x |
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
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50276, Woodward, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 969 (100%) |
| Owner Occupied HU | 729 (75.2%) |
| Renter Occupied HU | 182 (18.8%) |
| Vacant Housing Units | 58 ( 6.0%) |
| Median Home Value | $268,145 |
| Average Home Value | $343,916 |
Housing Distribution
Address Breakdown
Residential
760
Single Family
760
Multi-Family
0
Businesses
37
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
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50276, Woodward, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 969 (100%) |
| Owner Occupied HU | 729 (75.2%) |
| Renter Occupied HU | 182 (18.8%) |
| Vacant Housing Units | 58 ( 6.0%) |
| Median Home Value | $268,145 |
| Average Home Value | $343,916 |
Housing Distribution
Address Breakdown
Residential
760
Single Family
760
Multi-Family
0
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices