3300 Underwood AveCrawfordsvilleIA52621
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play3300 Underwood Ave, Crawfordsville, IA, 52621 in Crawfordsville is priced for appreciation, not yield. Rental yield 3.76%. At $1,010,000 with a 3.76% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $279,044 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.70) 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: $165,974.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.8% | 6.0% |
| Monthly Cash Flow | $(3,393) | $400 |
City averages based on Crawfordsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,167 |
| Total Monthly Debt Service | $6,158 |
| DSCR Ratio | 0.51x |
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 2016
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52621, Crawfordsville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 271 (100%) |
| Owner Occupied HU | 209 (77.1%) |
| Renter Occupied HU | 39 (14.4%) |
| Vacant Housing Units | 23 ( 8.5%) |
| Median Home Value | $255,000 |
| Average Home Value | $292,416 |
Housing Distribution
Address Breakdown
Residential
231
Single Family
231
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 2016
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52621, Crawfordsville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 271 (100%) |
| Owner Occupied HU | 209 (77.1%) |
| Renter Occupied HU | 39 (14.4%) |
| Vacant Housing Units | 23 ( 8.5%) |
| Median Home Value | $255,000 |
| Average Home Value | $292,416 |
Housing Distribution
Address Breakdown
Residential
231
Single Family
231
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matt Hoenig • Peoples Company
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6334263