508 W Market StSteamboat RockIA50672
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 508 W Market St, Steamboat Rock, IA, 50672 in Steamboat Rock the bet is firmly on appreciation. Rental yield 4.25%. The 4.25% gross yield on a $299,000 price is below income-first thresholds, but 5%/yr value growth projects $82,608 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.79) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $56,940.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 7.5% |
| Monthly Cash Flow | $(883) | $5,000 |
City averages based on Steamboat Rock market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,058 |
| Total Monthly Debt Service | $1,823 |
| DSCR Ratio | 0.58x |
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 2021
0.54 Acres lot
$N/A/sqft
No HOA
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 2021
0.54 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gabrielle Mitchell • Oakridge Real Estate
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6330971