401 S Mitchell StPrestonIA52069
INVESTMENT ANALYSIS
Investment Verdict
Solid Income401 S Mitchell St, Preston, IA, 52069 in Preston is a solid income-producing rental, 9.16% gross yield, $1,374/mo rent, $205/mo net cash flow on a $180,000 buy. DSCR 1.70 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $49,731 and $1,658/yr in principal reduction project a total cumulative return of $81,703.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.5% |
| Monthly Cash Flow | $205 | $300 |
City averages based on Preston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,374 |
| Total Monthly Debt Service | $1,097 |
| DSCR Ratio | 1.25x |
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 1975
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52069, Preston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 684 (100%) |
| Owner Occupied HU | 506 (74.0%) |
| Renter Occupied HU | 138 (20.2%) |
| Vacant Housing Units | 40 ( 5.8%) |
| Median Home Value | $185,648 |
| Average Home Value | $267,036 |
Housing Distribution
Address Breakdown
Residential
424
Single Family
424
Multi-Family
0
Businesses
57
Nearby investment properties with comparable rents
- 2 Bed
- 2 Bath
- 1248 sft
- 3 Bed
- 1 Bath
- 1008 sft
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 1975
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52069, Preston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 684 (100%) |
| Owner Occupied HU | 506 (74.0%) |
| Renter Occupied HU | 138 (20.2%) |
| Vacant Housing Units | 40 ( 5.8%) |
| Median Home Value | $185,648 |
| Average Home Value | $267,036 |
Housing Distribution
Address Breakdown
Residential
424
Single Family
424
Multi-Family
0
Businesses
57
Nearby investment properties with comparable rents
- 2 Bed
- 2 Bath
- 1248 sft
- 3 Bed
- 1 Bath
- 1008 sft
Nearby investment properties with comparable prices