5040 Wagner RdCentral CityIA52214
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 5040 Wagner Rd, Central City, IA, 52214 in Central City. Rental yield 5.72%. At $272,300 with 5.72% gross yield, current distributions are modest, but the 5% appreciation rate projects $75,231 in new equity by year five, complemented by $2,508/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.06) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $73,324.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 7.0% |
| Monthly Cash Flow | $(471) | $300 |
City averages based on Central City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,297 |
| Total Monthly Debt Service | $1,660 |
| DSCR Ratio | 0.78x |
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 1984
7.22 Acres 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
Single Family
Built in 1984
7.22 Acres 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
Listed by: Dawn Bowman • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2506706
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.