521 Spring StWest BurlingtonIA52655
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.31% gross rental yield, 521 Spring St, West Burlington, IA, 52655 in West Burlington is priced for capital growth, not immediate cash flow. The $299,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $82,608 by year five, with $2,754/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.80) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $57,972.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 6.0% |
| Monthly Cash Flow | $(868) | $300 |
City averages based on West Burlington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,074 |
| Total Monthly Debt Service | $1,823 |
| DSCR Ratio | 0.59x |
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 1960
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52655, West Burlington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,115 (100%) |
| Owner Occupied HU | 1,343 (63.5%) |
| Renter Occupied HU | 549 (26.0%) |
| Vacant Housing Units | 223 (10.5%) |
| Median Home Value | $186,071 |
| Average Home Value | $255,201 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,761
Multi-Family
186
Businesses
302
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 1960
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52655, West Burlington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,115 (100%) |
| Owner Occupied HU | 1,343 (63.5%) |
| Renter Occupied HU | 549 (26.0%) |
| Vacant Housing Units | 223 (10.5%) |
| Median Home Value | $186,071 |
| Average Home Value | $255,201 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,761
Multi-Family
186
Businesses
302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa A Schwenker • Ruhl & Ruhl, REALTORS
Mls Name: NoCoast MLS
Mls ID: #6331530