50 W Broadway St #1-6Central CityIA52214
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 50 W Broadway St #1-6, Central City, IA, 52214 in Central City. Rental yield 2.91%. At $465,000 with 2.91% gross yield, current distributions are modest, but the 5% appreciation rate projects $128,471 in new equity by year five, complemented by $4,283/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.54) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $55,254.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.9% | 7.0% |
| Monthly Cash Flow | $(1,891) | $300 |
City averages based on Central City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,129 |
| Total Monthly Debt Service | $2,835 |
| DSCR Ratio | 0.40x |
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.
Multi Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52214, Central City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 1,081 (74.7%) |
| Renter Occupied HU | 236 (16.3%) |
| Vacant Housing Units | 130 ( 9.0%) |
| Median Home Value | $283,036 |
| Average Home Value | $354,877 |
Housing Distribution
Address Breakdown
Residential
1,132
Single Family
1,093
Multi-Family
39
Businesses
67
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
Multi Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52214, Central City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 1,081 (74.7%) |
| Renter Occupied HU | 236 (16.3%) |
| Vacant Housing Units | 130 ( 9.0%) |
| Median Home Value | $283,036 |
| Average Home Value | $354,877 |
Housing Distribution
Address Breakdown
Residential
1,132
Single Family
1,093
Multi-Family
39
Businesses
67
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices