606 11th StCorningIA50841
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 606 11th St, Corning, IA, 50841 in Corning at $128,000 earns $840/mo in rent and nets $9/mo after the $576/mo payment, a 7.88% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $35,364 over five years. Ziffy Mortgage underwrites this on a 1.46 DSCR without U.S. credit history. With $1,179/yr in principal paydown, total projected return reaches $49,280.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 10.0% |
| Monthly Cash Flow | $9 | $2,480 |
City averages based on Corning market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $840 |
| Total Monthly Debt Service | $780 |
| DSCR Ratio | 1.08x |
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 1895
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50841, Corning, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 856 (63.6%) |
| Renter Occupied HU | 282 (21.0%) |
| Vacant Housing Units | 207 (15.4%) |
| Median Home Value | $129,730 |
| Average Home Value | $211,168 |
Housing Distribution
Address Breakdown
Residential
1,208
Single Family
1,188
Multi-Family
20
Businesses
141
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 1895
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50841, Corning, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 856 (63.6%) |
| Renter Occupied HU | 282 (21.0%) |
| Vacant Housing Units | 207 (15.4%) |
| Median Home Value | $129,730 |
| Average Home Value | $211,168 |
Housing Distribution
Address Breakdown
Residential
1,208
Single Family
1,188
Multi-Family
20
Businesses
141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices