708 9th AveWellmanIA52356
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 708 9th Ave, Wellman, IA, 52356 in Wellman is straightforward: $148,000 in, $1,324/mo in rent, $345/mo out after debt service. The 10.73% gross yield and 1.99 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $40,890 by year five. With $1,363/yr in principal equity, the total cumulative return is projected at $78,647.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 8.0% |
| Monthly Cash Flow | $345 | $300 |
City averages based on Wellman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,324 |
| Total Monthly Debt Service | $919 |
| DSCR Ratio | 1.44x |
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 1940
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52356, Wellman, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,137 (100%) |
| Owner Occupied HU | 847 (74.5%) |
| Renter Occupied HU | 192 (16.9%) |
| Vacant Housing Units | 98 ( 8.6%) |
| Median Home Value | $230,340 |
| Average Home Value | $276,331 |
Housing Distribution
Address Breakdown
Residential
905
Single Family
881
Multi-Family
24
Businesses
72
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 1940
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52356, Wellman, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,137 (100%) |
| Owner Occupied HU | 847 (74.5%) |
| Renter Occupied HU | 192 (16.9%) |
| Vacant Housing Units | 98 ( 8.6%) |
| Median Home Value | $230,340 |
| Average Home Value | $276,331 |
Housing Distribution
Address Breakdown
Residential
905
Single Family
881
Multi-Family
24
Businesses
72
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices