31763 Division StRedfieldIA50233
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play31763 Division St, Redfield, IA, 50233 in Redfield is priced for appreciation, not yield. Rental yield 3.32%. At $325,000 with a 3.32% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $89,792 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.62) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $45,774.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 5.0% |
| Monthly Cash Flow | $(1,211) | $300 |
City averages based on Redfield market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $900 |
| Total Monthly Debt Service | $1,981 |
| DSCR Ratio | 0.45x |
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 1900
4.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50233, Redfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 620 (100%) |
| Owner Occupied HU | 467 (75.3%) |
| Renter Occupied HU | 103 (16.6%) |
| Vacant Housing Units | 50 ( 8.1%) |
| Median Home Value | $213,068 |
| Average Home Value | $289,336 |
Housing Distribution
Address Breakdown
Residential
301
Single Family
301
Multi-Family
0
Businesses
31
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
4.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50233, Redfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 620 (100%) |
| Owner Occupied HU | 467 (75.3%) |
| Renter Occupied HU | 103 (16.6%) |
| Vacant Housing Units | 50 ( 8.1%) |
| Median Home Value | $213,068 |
| Average Home Value | $289,336 |
Housing Distribution
Address Breakdown
Residential
301
Single Family
301
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices