502 S 8th AveWashingtonIA52353
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 502 S 8th Ave, Washington, IA, 52353 in Washington is narrow, $117/mo net on $1,507/mo rent after the $962/mo debt service, but the property operates at break-even-plus, not a loss. At $214,000 with a 8.45% yield, the long-run equity case via 5% appreciation ($59,124 over five years) and $1,971/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.57 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $89,004.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.0% |
| Monthly Cash Flow | $117 | $250 |
City averages based on Washington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,507 |
| Total Monthly Debt Service | $1,305 |
| DSCR Ratio | 1.16x |
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 1975
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52353, Washington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 2,697 (65.7%) |
| Renter Occupied HU | 1,115 (27.2%) |
| Vacant Housing Units | 294 ( 7.2%) |
| Median Home Value | $173,592 |
| Average Home Value | $231,948 |
Housing Distribution
Address Breakdown
Residential
3,946
Single Family
3,655
Multi-Family
291
Businesses
429
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 1975
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52353, Washington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 2,697 (65.7%) |
| Renter Occupied HU | 1,115 (27.2%) |
| Vacant Housing Units | 294 ( 7.2%) |
| Median Home Value | $173,592 |
| Average Home Value | $231,948 |
Housing Distribution
Address Breakdown
Residential
3,946
Single Family
3,655
Multi-Family
291
Businesses
429
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Iowa City Area AOR
Mls ID: #202601335