387 2nd Ave SEBrittIA50423
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Britt rental at 387 2nd Ave SE, Britt, IA, 50423 sits in the solid-income band: 9.55% gross yield, $1,146/mo rent, $211/mo net after the $648/mo debt service, DSCR 1.77. Entry price of $144,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $39,785 and $1,326/yr in principal reduction bring total cumulative return to $68,358.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.2% |
| Monthly Cash Flow | $211 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,146 |
| Total Monthly Debt Service | $878 |
| DSCR Ratio | 1.31x |
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 1983
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50423, Britt, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,331 (100%) |
| Owner Occupied HU | 895 (67.2%) |
| Renter Occupied HU | 268 (20.1%) |
| Vacant Housing Units | 168 (12.6%) |
| Median Home Value | $126,103 |
| Average Home Value | $168,517 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,137
Multi-Family
72
Businesses
115
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 1983
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50423, Britt, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,331 (100%) |
| Owner Occupied HU | 895 (67.2%) |
| Renter Occupied HU | 268 (20.1%) |
| Vacant Housing Units | 168 (12.6%) |
| Median Home Value | $126,103 |
| Average Home Value | $168,517 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,137
Multi-Family
72
Businesses
115
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Renee Diemer • Diemer Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328227
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.