408 E Front StWaylandIA52654
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 408 E Front St, Wayland, IA, 52654 in Wayland worth modelling. At $100,000 with a 9.04% gross yield, the $753/mo rent leaves $104/mo after the $450/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.67 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $27,628 by year five; $921/yr in principal reduction adds further equity. Total projected return: $44,693.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 7.0% |
| Monthly Cash Flow | $104 | $5,000 |
City averages based on Wayland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $753 |
| Total Monthly Debt Service | $610 |
| 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 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52654, Wayland, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 516 (73.4%) |
| Renter Occupied HU | 151 (21.5%) |
| Vacant Housing Units | 36 ( 5.1%) |
| Median Home Value | $157,589 |
| Average Home Value | $225,053 |
Housing Distribution
Address Breakdown
Residential
583
Single Family
539
Multi-Family
44
Businesses
53
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 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52654, Wayland, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 516 (73.4%) |
| Renter Occupied HU | 151 (21.5%) |
| Vacant Housing Units | 36 ( 5.1%) |
| Median Home Value | $157,589 |
| Average Home Value | $225,053 |
Housing Distribution
Address Breakdown
Residential
583
Single Family
539
Multi-Family
44
Businesses
53
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices