520 State StFarmingtonIA52626
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 520 State St, Farmington, IA, 52626 in Farmington fits: $295,900, 4.59% gross yield, and a projected 5% annual appreciation rate adding $81,752 in value within five years. Rental yield 4.59%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.85) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $2,725/yr in principal paydown and $81,752 in appreciation project a total return of $61,778.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.6% | 9.0% |
| Monthly Cash Flow | $(790) | $150 |
City averages based on Farmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,132 |
| Total Monthly Debt Service | $1,804 |
| DSCR Ratio | 0.63x |
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 1922
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52626, Farmington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 553 (100%) |
| Owner Occupied HU | 393 (71.1%) |
| Renter Occupied HU | 86 (15.6%) |
| Vacant Housing Units | 74 (13.4%) |
| Median Home Value | $149,342 |
| Average Home Value | $184,707 |
Housing Distribution
Address Breakdown
Residential
440
Single Family
418
Multi-Family
22
Businesses
35
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 1922
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52626, Farmington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 553 (100%) |
| Owner Occupied HU | 393 (71.1%) |
| Renter Occupied HU | 86 (15.6%) |
| Vacant Housing Units | 74 (13.4%) |
| Median Home Value | $149,342 |
| Average Home Value | $184,707 |
Housing Distribution
Address Breakdown
Residential
440
Single Family
418
Multi-Family
22
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A