506 Cedar StAdairIA50002
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 506 Cedar St, Adair, IA, 50002 in Adair is capital appreciation. Rental yield 3.91%. The 3.91% gross yield at $329,900 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $91,145 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.72) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $56,839.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.9% | 6.0% |
| Monthly Cash Flow | $(1,069) | $1,200 |
City averages based on Adair market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,074 |
| Total Monthly Debt Service | $2,011 |
| DSCR Ratio | 0.53x |
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 2020
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50002, Adair, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 622 (100%) |
| Owner Occupied HU | 410 (65.9%) |
| Renter Occupied HU | 141 (22.7%) |
| Vacant Housing Units | 71 (11.4%) |
| Median Home Value | $161,184 |
| Average Home Value | $235,848 |
Housing Distribution
Address Breakdown
Residential
479
Single Family
459
Multi-Family
20
Businesses
48
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 2020
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50002, Adair, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 622 (100%) |
| Owner Occupied HU | 410 (65.9%) |
| Renter Occupied HU | 141 (22.7%) |
| Vacant Housing Units | 71 (11.4%) |
| Median Home Value | $161,184 |
| Average Home Value | $235,848 |
Housing Distribution
Address Breakdown
Residential
479
Single Family
459
Multi-Family
20
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices