602 E End AveEvansdaleIA50707
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 602 E End Ave, Evansdale, IA, 50707 in Evansdale. At $124,500 it earns $1,085/mo in rent and distributes $276/mo to the owner after the $560/mo payment, a consistent 10.46% yield. DSCR 1.94 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $34,397 in value; $1,147/yr in principal paydown compounds ownership stake. Total projected return: $65,159.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 6.0% |
| Monthly Cash Flow | $276 | $500 |
City averages based on Evansdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,085 |
| Total Monthly Debt Service | $759 |
| DSCR Ratio | 1.43x |
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 1950
7,405 sqft 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
Single Family
Built in 1950
7,405 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emily O'connell • Foundations Realty
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20251193
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