3105 40th StSioux CityIA51108
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 3105 40th St, Sioux City, IA, 51108 in Sioux City: $1,915/mo in rent, $617/mo net, 11.49% gross yield, all on a $199,950 acquisition. The 2.13 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $55,243 in value, and $1,842/yr in principal paydown steadily builds equity. Projected total cumulative return: $115,806.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 7.2% |
| Monthly Cash Flow | $617 | $450 |
City averages based on Sioux City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,915 |
| Total Monthly Debt Service | $1,219 |
| DSCR Ratio | 1.57x |
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 1966
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51108, Sioux City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,664 (100%) |
| Owner Occupied HU | 1,813 (68.1%) |
| Renter Occupied HU | 696 (26.1%) |
| Vacant Housing Units | 155 ( 5.8%) |
| Median Home Value | $197,786 |
| Average Home Value | $284,381 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
1,991
Multi-Family
578
Businesses
131
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 1966
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51108, Sioux City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,664 (100%) |
| Owner Occupied HU | 1,813 (68.1%) |
| Renter Occupied HU | 696 (26.1%) |
| Vacant Housing Units | 155 ( 5.8%) |
| Median Home Value | $197,786 |
| Average Home Value | $284,381 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
1,991
Multi-Family
578
Businesses
131
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie Skaff-Gregg • Coldwell Banker Associated Brokers
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830459