511 3rd StParkersburgIA50665
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $224,900, 511 3rd St, Parkersburg, IA, 50665 in Parkersburg generates $1,558/mo in rent (8.31% yield) but nets only $97/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.54) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $62,136. Total projected return: $91,911.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.0% |
| Monthly Cash Flow | $97 | $150 |
City averages based on Parkersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,558 |
| Total Monthly Debt Service | $1,371 |
| DSCR Ratio | 1.14x |
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 1907
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50665, Parkersburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,355 (100%) |
| Owner Occupied HU | 1,008 (74.4%) |
| Renter Occupied HU | 236 (17.4%) |
| Vacant Housing Units | 111 ( 8.2%) |
| Median Home Value | $229,118 |
| Average Home Value | $246,528 |
Housing Distribution
Address Breakdown
Residential
1,177
Single Family
1,118
Multi-Family
59
Businesses
98
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 1907
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50665, Parkersburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,355 (100%) |
| Owner Occupied HU | 1,008 (74.4%) |
| Renter Occupied HU | 236 (17.4%) |
| Vacant Housing Units | 111 ( 8.2%) |
| Median Home Value | $229,118 |
| Average Home Value | $246,528 |
Housing Distribution
Address Breakdown
Residential
1,177
Single Family
1,118
Multi-Family
59
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Northeast Iowa Regional BOR as distributed by MLS GRID
Mls ID: #20261347