401 W Main StNew ProvidenceIA50206
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 401 W Main St, New Providence, IA, 50206 in New Providence earns a 12.18% gross yield at $100,000. Rent of $1,015/mo nets $366/mo after the $450/mo mortgage. The 2.26 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $27,628 and $921/yr in equity accumulation project a total cumulative return of $61,553.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 12.2% | 6.2% |
| Monthly Cash Flow | $366 | $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 | $1,015 |
| Total Monthly Debt Service | $610 |
| DSCR Ratio | 1.66x |
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.
Multi Family
Built in 1916
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50206, New Providence, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 227 (100%) |
| Owner Occupied HU | 160 (70.5%) |
| Renter Occupied HU | 48 (21.1%) |
| Vacant Housing Units | 19 ( 8.4%) |
| Median Home Value | $173,958 |
| Average Home Value | $262,219 |
Housing Distribution
Address Breakdown
Residential
131
Single Family
131
Multi-Family
0
Businesses
9
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
Multi Family
Built in 1916
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50206, New Providence, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 227 (100%) |
| Owner Occupied HU | 160 (70.5%) |
| Renter Occupied HU | 48 (21.1%) |
| Vacant Housing Units | 19 ( 8.4%) |
| Median Home Value | $173,958 |
| Average Home Value | $262,219 |
Housing Distribution
Address Breakdown
Residential
131
Single Family
131
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6336674