702 Patton Loop Dr #1AvocaIA51521
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 702 Patton Loop Dr #1, Avoca, IA, 51521 in Avoca hard to pass up. The 10.68% gross yield on a $319,000 purchase results in $2,840/mo in rent and $519/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.98). Annual cash flow of $6,224, five-year appreciation of $88,134, and $2,938/yr in equity build-up combine for a projected total cumulative return of $170,859.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 8.0% |
| Monthly Cash Flow | $519 | $400 |
City averages based on Avoca market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,840 |
| Total Monthly Debt Service | $1,945 |
| DSCR Ratio | 1.46x |
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.
Condo
Built in 2025
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51521, Avoca, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 699 (68.4%) |
| Renter Occupied HU | 234 (22.9%) |
| Vacant Housing Units | 89 ( 8.7%) |
| Median Home Value | $221,701 |
| Average Home Value | $236,273 |
Housing Distribution
Address Breakdown
Residential
649
Single Family
629
Multi-Family
20
Businesses
87
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
Condo
Built in 2025
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51521, Avoca, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 699 (68.4%) |
| Renter Occupied HU | 234 (22.9%) |
| Vacant Housing Units | 89 ( 8.7%) |
| Median Home Value | $221,701 |
| Average Home Value | $236,273 |
Housing Distribution
Address Breakdown
Residential
649
Single Family
629
Multi-Family
20
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices