612 State StBellevueIA52031
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 612 State St, Bellevue, IA, 52031 in Bellevue is narrow, $191/mo net on $1,100/mo rent after the $630/mo debt service, but the property operates at break-even-plus, not a loss. At $140,000 with a 9.43% yield, the long-run equity case via 5% appreciation ($38,679 over five years) and $1,289/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.75 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $65,520.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $191 | $1,200 |
City averages based on Bellevue market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,100 |
| Total Monthly Debt Service | $854 |
| DSCR Ratio | 1.29x |
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 1898
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52031, Bellevue, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,451 (100%) |
| Owner Occupied HU | 1,784 (72.8%) |
| Renter Occupied HU | 376 (15.3%) |
| Vacant Housing Units | 291 (11.9%) |
| Median Home Value | $258,844 |
| Average Home Value | $324,631 |
Housing Distribution
Address Breakdown
Residential
2,192
Single Family
2,148
Multi-Family
44
Businesses
139
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 1898
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52031, Bellevue, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,451 (100%) |
| Owner Occupied HU | 1,784 (72.8%) |
| Renter Occupied HU | 376 (15.3%) |
| Vacant Housing Units | 291 (11.9%) |
| Median Home Value | $258,844 |
| Average Home Value | $324,631 |
Housing Distribution
Address Breakdown
Residential
2,192
Single Family
2,148
Multi-Family
44
Businesses
139
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices