403 Flatiron DrColumbus JunctionIA52738
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 403 Flatiron Dr, Columbus Junction, IA, 52738 in Columbus Junction is narrow, $115/mo net on $1,284/mo rent after the $809/mo debt service, but the property operates at break-even-plus, not a loss. At $180,000 with a 8.56% yield, the long-run equity case via 5% appreciation ($49,731 over five years) and $1,658/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.59 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $75,907.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.0% |
| Monthly Cash Flow | $115 | $300 |
City averages based on Columbus Junction market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,284 |
| Total Monthly Debt Service | $1,097 |
| DSCR Ratio | 1.17x |
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 1968
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52738, Columbus Junction, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,415 (100%) |
| Owner Occupied HU | 934 (66.0%) |
| Renter Occupied HU | 326 (23.0%) |
| Vacant Housing Units | 155 (11.0%) |
| Median Home Value | $170,588 |
| Average Home Value | $257,869 |
Housing Distribution
Address Breakdown
Residential
1,287
Single Family
1,240
Multi-Family
47
Businesses
106
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 1968
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52738, Columbus Junction, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,415 (100%) |
| Owner Occupied HU | 934 (66.0%) |
| Renter Occupied HU | 326 (23.0%) |
| Vacant Housing Units | 155 (11.0%) |
| Median Home Value | $170,588 |
| Average Home Value | $257,869 |
Housing Distribution
Address Breakdown
Residential
1,287
Single Family
1,240
Multi-Family
47
Businesses
106
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jay Robertson • Robertson Real Estate Inc
Mls Name: Iowa City Area AOR
Mls ID: #202504776