515-519 E North StWintersetIA50273
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder515-519 E North St, Winterset, IA, 50273 in Winterset is a stable, well-positioned rental at $297,500. Rental yield 7.2%. DSCR 0.91 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $82,194 in value and $2,740/yr in principal paydown builds equity, a total projected return of $66,899.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 6.0% |
| Monthly Cash Flow | $(153) | $250 |
City averages based on Winterset market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,213 |
| Total Monthly Debt Service | $1,814 |
| DSCR Ratio | 0.67x |
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 1994
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50273, Winterset, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,968 (100%) |
| Owner Occupied HU | 2,692 (67.8%) |
| Renter Occupied HU | 911 (23.0%) |
| Vacant Housing Units | 365 ( 9.2%) |
| Median Home Value | $228,438 |
| Average Home Value | $301,850 |
Housing Distribution
Address Breakdown
Residential
3,690
Single Family
3,511
Multi-Family
179
Businesses
308
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 1994
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50273, Winterset, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,968 (100%) |
| Owner Occupied HU | 2,692 (67.8%) |
| Renter Occupied HU | 911 (23.0%) |
| Vacant Housing Units | 365 ( 9.2%) |
| Median Home Value | $228,438 |
| Average Home Value | $301,850 |
Housing Distribution
Address Breakdown
Residential
3,690
Single Family
3,511
Multi-Family
179
Businesses
308
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Stover • Madison County Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #718024
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.