406 Lincoln AveDelmarIA52037
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 406 Lincoln Ave, Delmar, IA, 52037 in Delmar worth modelling. At $149,900 with a 9.09% gross yield, the $1,135/mo rent leaves $161/mo after the $674/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.68 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $41,415 by year five; $1,381/yr in principal reduction adds further equity. Total projected return: $67,475.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 9.0% |
| Monthly Cash Flow | $161 | $300 |
City averages based on Delmar market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,135 |
| Total Monthly Debt Service | $914 |
| DSCR Ratio | 1.24x |
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 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52037, Delmar, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 556 (100%) |
| Owner Occupied HU | 460 (82.7%) |
| Renter Occupied HU | 57 (10.3%) |
| Vacant Housing Units | 39 ( 7.0%) |
| Median Home Value | $265,854 |
| Average Home Value | $356,717 |
Housing Distribution
Address Breakdown
Residential
383
Single Family
383
Multi-Family
0
Businesses
21
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 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52037, Delmar, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 556 (100%) |
| Owner Occupied HU | 460 (82.7%) |
| Renter Occupied HU | 57 (10.3%) |
| Vacant Housing Units | 39 ( 7.0%) |
| Median Home Value | $265,854 |
| Average Home Value | $356,717 |
Housing Distribution
Address Breakdown
Residential
383
Single Family
383
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shelly Borota • Ruhl&Ruhl REALTORS DeWitt
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4266893
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.