311 Chestnut StAnitaIA50020
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 311 Chestnut St, Anita, IA, 50020 in Anita is a conservative rental investment at $284,000. Rental yield 6.74%. A 1.25 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $78,464; $2,616/yr in principal paydown supplements. Total projected return: $92,106.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 7.0% |
| Monthly Cash Flow | $(248) | $300 |
City averages based on Anita market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,596 |
| Total Monthly Debt Service | $1,731 |
| DSCR Ratio | 0.92x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1918
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50020, Anita, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 642 (100%) |
| Owner Occupied HU | 463 (72.1%) |
| Renter Occupied HU | 120 (18.7%) |
| Vacant Housing Units | 59 ( 9.2%) |
| Median Home Value | $153,646 |
| Average Home Value | $199,131 |
Housing Distribution
Address Breakdown
Residential
508
Single Family
502
Multi-Family
6
Businesses
41
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 1918
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50020, Anita, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 642 (100%) |
| Owner Occupied HU | 463 (72.1%) |
| Renter Occupied HU | 120 (18.7%) |
| Vacant Housing Units | 59 ( 9.2%) |
| Median Home Value | $153,646 |
| Average Home Value | $199,131 |
Housing Distribution
Address Breakdown
Residential
508
Single Family
502
Multi-Family
6
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices