401 1st St SWesleyIA50483
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play401 1st St S, Wesley, IA, 50483 in Wesley is priced for appreciation, not yield. Rental yield 0%. At $119,500 with a 0% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $33,016 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.00) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.0% |
| Monthly Cash Flow | $0 | $1,200 |
City averages based on Wesley market data in our database. Property projections are estimates.
Single Family
Built in 1955
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50483, Wesley, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 318 (100%) |
| Owner Occupied HU | 251 (78.9%) |
| Renter Occupied HU | 41 (12.9%) |
| Vacant Housing Units | 26 ( 8.2%) |
| Median Home Value | $174,342 |
| Average Home Value | $246,564 |
Housing Distribution
Address Breakdown
Residential
194
Single Family
194
Multi-Family
0
Businesses
23
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1955
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50483, Wesley, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 318 (100%) |
| Owner Occupied HU | 251 (78.9%) |
| Renter Occupied HU | 41 (12.9%) |
| Vacant Housing Units | 26 ( 8.2%) |
| Median Home Value | $174,342 |
| Average Home Value | $246,564 |
Housing Distribution
Address Breakdown
Residential
194
Single Family
194
Multi-Family
0
Businesses
23
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Renee Diemer • Diemer Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325737
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