420 2nd Ave NWCascadeIA52033
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 420 2nd Ave NW, Cascade, IA, 52033 in Cascade: $1,829/mo in rent, $920/mo net, 15.68% gross yield, all on a $140,000 acquisition. The 2.90 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $38,679 in value, and $1,289/yr in principal paydown steadily builds equity. Projected total cumulative return: $112,428.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.7% | 6.0% |
| Monthly Cash Flow | $920 | $300 |
City averages based on Cascade market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,829 |
| Total Monthly Debt Service | $854 |
| DSCR Ratio | 2.14x |
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 1866
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52033, Cascade, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,534 (100%) |
| Owner Occupied HU | 1,113 (72.6%) |
| Renter Occupied HU | 315 (20.5%) |
| Vacant Housing Units | 106 ( 6.9%) |
| Median Home Value | $269,817 |
| Average Home Value | $322,707 |
Housing Distribution
Address Breakdown
Residential
1,139
Single Family
1,013
Multi-Family
126
Businesses
116
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 1866
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52033, Cascade, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,534 (100%) |
| Owner Occupied HU | 1,113 (72.6%) |
| Renter Occupied HU | 315 (20.5%) |
| Vacant Housing Units | 106 ( 6.9%) |
| Median Home Value | $269,817 |
| Average Home Value | $322,707 |
Housing Distribution
Address Breakdown
Residential
1,139
Single Family
1,013
Multi-Family
126
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bobbi Jo Volkens • American Realty of Dubuque, Inc.
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #152231
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.