624 West StPlainfieldIA50666
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 624 West St, Plainfield, IA, 50666 in Plainfield speaks for itself: 12.77% gross on a $175,000 price, generating $1,862/mo in rent and $726/mo in net income after the $787/mo debt service. DSCR 2.37, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,710 stacks alongside $48,349 in projected five-year appreciation and $1,612/yr in principal reduction. Projected total cumulative return: $113,265.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.8% | 5.0% |
| Monthly Cash Flow | $726 | $150 |
City averages based on Plainfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,862 |
| Total Monthly Debt Service | $1,067 |
| DSCR Ratio | 1.75x |
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 1976
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50666, Plainfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 452 (100%) |
| Owner Occupied HU | 362 (80.1%) |
| Renter Occupied HU | 46 (10.2%) |
| Vacant Housing Units | 44 ( 9.7%) |
| Median Home Value | $196,324 |
| Average Home Value | $229,841 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
14
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 1976
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50666, Plainfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 452 (100%) |
| Owner Occupied HU | 362 (80.1%) |
| Renter Occupied HU | 46 (10.2%) |
| Vacant Housing Units | 44 ( 9.7%) |
| Median Home Value | $196,324 |
| Average Home Value | $229,841 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joanne Heying • Epique Realty
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20252682
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