709 S Madison StWellsburgIA50680
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 709 S Madison St, Wellsburg, IA, 50680 in Wellsburg delivers $1,202/mo in gross rent and $313/mo in net monthly income at a $137,000 entry. The 10.53% yield and 1.95 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $37,851 over five years and $1,262/yr in equity from loan paydown, total projected return is $72,239.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 6.0% |
| Monthly Cash Flow | $313 | $300 |
City averages based on Wellsburg market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,202 |
| Total Monthly Debt Service | $835 |
| 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 1910
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50680, Wellsburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 548 (100%) |
| Owner Occupied HU | 428 (78.1%) |
| Renter Occupied HU | 63 (11.5%) |
| Vacant Housing Units | 57 (10.4%) |
| Median Home Value | $156,081 |
| Average Home Value | $221,694 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
241
Multi-Family
20
Businesses
44
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 1910
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50680, Wellsburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 548 (100%) |
| Owner Occupied HU | 428 (78.1%) |
| Renter Occupied HU | 63 (11.5%) |
| Vacant Housing Units | 57 (10.4%) |
| Median Home Value | $156,081 |
| Average Home Value | $221,694 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
241
Multi-Family
20
Businesses
44
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices