315 W Mayne StBlue GrassIA52726
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 315 W Mayne St, Blue Grass, IA, 52726 in Blue Grass fits: $550,000, 4.49% gross yield, and a projected 5% annual appreciation rate adding $151,955 in value within five years. Rental yield 4.49%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.94) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $5,066/yr in principal paydown and $151,955 in appreciation project a total return of $128,262.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 6.2% |
| Monthly Cash Flow | $(1,514) | $300 |
City averages based on Blue Grass market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,313 |
| Total Monthly Debt Service | $3,353 |
| DSCR Ratio | 0.69x |
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 1989
7.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52726, Blue Grass, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,899 (100%) |
| Owner Occupied HU | 1,611 (84.8%) |
| Renter Occupied HU | 202 (10.6%) |
| Vacant Housing Units | 86 ( 4.5%) |
| Median Home Value | $297,509 |
| Average Home Value | $357,084 |
Housing Distribution
Address Breakdown
Residential
1,821
Single Family
1,821
Multi-Family
0
Businesses
94
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 1989
7.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52726, Blue Grass, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,899 (100%) |
| Owner Occupied HU | 1,611 (84.8%) |
| Renter Occupied HU | 202 (10.6%) |
| Vacant Housing Units | 86 ( 4.5%) |
| Median Home Value | $297,509 |
| Average Home Value | $357,084 |
Housing Distribution
Address Breakdown
Residential
1,821
Single Family
1,821
Multi-Family
0
Businesses
94
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shelly Coussens • Mel Foster Co. Davenport
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262556
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.