320 Oak StFarnhamvilleIA50538
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 320 Oak St, Farnhamville, IA, 50538 in Farnhamville at $149,900 earns $997/mo in rent and nets $24/mo after the $674/mo payment, a 7.98% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $41,415 over five years. Ziffy Mortgage underwrites this on a 1.48 DSCR without U.S. credit history. With $1,381/yr in principal paydown, total projected return reaches $58,595.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.0% |
| Monthly Cash Flow | $24 | $200 |
City averages based on Farnhamville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $997 |
| Total Monthly Debt Service | $914 |
| DSCR Ratio | 1.09x |
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 N/A
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50538, Farnhamville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 269 (100%) |
| Owner Occupied HU | 182 (67.7%) |
| Renter Occupied HU | 54 (20.1%) |
| Vacant Housing Units | 33 (12.3%) |
| Median Home Value | $150,000 |
| Average Home Value | $169,203 |
Housing Distribution
Address Breakdown
Residential
113
Single Family
113
Multi-Family
0
Businesses
19
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 N/A
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50538, Farnhamville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 269 (100%) |
| Owner Occupied HU | 182 (67.7%) |
| Renter Occupied HU | 54 (20.1%) |
| Vacant Housing Units | 33 (12.3%) |
| Median Home Value | $150,000 |
| Average Home Value | $169,203 |
Housing Distribution
Address Breakdown
Residential
113
Single Family
113
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Reggie Kopecky • Exit Realty Frontier
Mls Name: Fort Dodge BOR
Mls Provider:
Mls ID: #26385
Disclaimer: Copyright Fort Dodge Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.