617 Oak StStory CityIA50248
INVESTMENT ANALYSIS
Investment Verdict
Solid Income617 Oak St, Story City, IA, 50248 in Story City earns a respectable 9.51% gross yield at $105,000, but after the $472/mo mortgage the net cash flow is $150/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.79) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $29,010 over five years, making equity the dominant return driver. Total projected return: $50,331.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.5% |
| Monthly Cash Flow | $150 | $300 |
City averages based on Story City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $843 |
| Total Monthly Debt Service | $640 |
| DSCR Ratio | 1.32x |
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 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50248, Story City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,119 (100%) |
| Owner Occupied HU | 1,434 (67.7%) |
| Renter Occupied HU | 514 (24.3%) |
| Vacant Housing Units | 171 ( 8.1%) |
| Median Home Value | $244,920 |
| Average Home Value | $312,753 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,678
Multi-Family
330
Businesses
166
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 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50248, Story City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,119 (100%) |
| Owner Occupied HU | 1,434 (67.7%) |
| Renter Occupied HU | 514 (24.3%) |
| Vacant Housing Units | 171 ( 8.1%) |
| Median Home Value | $244,920 |
| Average Home Value | $312,753 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,678
Multi-Family
330
Businesses
166
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Horstman • Hunziker & Assoc.-Ames
Mls Name: CIBR
Mls Provider:
Mls ID: #67175
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.