44 Spruce DrEagle GroveIA50533
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 44 Spruce Dr, Eagle Grove, IA, 50533 in Eagle Grove fits: $175,000, 4.94% gross yield, and a projected 5% annual appreciation rate adding $48,349 in value within five years. Rental yield 4.94%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.91) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $1,612/yr in principal paydown and $48,349 in appreciation project a total return of $39,765.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.9% | 7.0% |
| Monthly Cash Flow | $(417) | $150 |
City averages based on Eagle Grove market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $720 |
| Total Monthly Debt Service | $1,067 |
| DSCR Ratio | 0.67x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1966
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50533, Eagle Grove, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,784 (100%) |
| Owner Occupied HU | 1,055 (59.1%) |
| Renter Occupied HU | 562 (31.5%) |
| Vacant Housing Units | 167 ( 9.4%) |
| Median Home Value | $107,788 |
| Average Home Value | $130,524 |
Housing Distribution
Address Breakdown
Residential
1,657
Single Family
1,628
Multi-Family
29
Businesses
143
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 1966
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50533, Eagle Grove, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,784 (100%) |
| Owner Occupied HU | 1,055 (59.1%) |
| Renter Occupied HU | 562 (31.5%) |
| Vacant Housing Units | 167 ( 9.4%) |
| Median Home Value | $107,788 |
| Average Home Value | $130,524 |
Housing Distribution
Address Breakdown
Residential
1,657
Single Family
1,628
Multi-Family
29
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alec J Amonson • HomeLand Realty
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6333935