622 W Main StSeymourIA52590
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 622 W Main St, Seymour, IA, 52590 in Seymour earns a 9.31% gross yield at $209,000. Rent of $1,621/mo nets $264/mo after the $940/mo mortgage. The 1.72 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $57,743 and $1,925/yr in equity accumulation project a total cumulative return of $96,494.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 8.0% |
| Monthly Cash Flow | $264 | $150 |
City averages based on Seymour market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,621 |
| Total Monthly Debt Service | $1,274 |
| DSCR Ratio | 1.27x |
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 2023
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52590, Seymour, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 533 (100%) |
| Owner Occupied HU | 375 (70.4%) |
| Renter Occupied HU | 97 (18.2%) |
| Vacant Housing Units | 61 (11.4%) |
| Median Home Value | $117,411 |
| Average Home Value | $185,333 |
Housing Distribution
Address Breakdown
Residential
510
Single Family
504
Multi-Family
6
Businesses
29
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 2023
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52590, Seymour, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 533 (100%) |
| Owner Occupied HU | 375 (70.4%) |
| Renter Occupied HU | 97 (18.2%) |
| Vacant Housing Units | 61 (11.4%) |
| Median Home Value | $117,411 |
| Average Home Value | $185,333 |
Housing Distribution
Address Breakdown
Residential
510
Single Family
504
Multi-Family
6
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices