712 10th AveWellmanIA52356
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 712 10th Ave, Wellman, IA, 52356 in Wellman is a conservative rental investment at $219,900. Rental yield 6.93%. A 1.29 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $60,754; $2,025/yr in principal paydown supplements. Total projected return: $73,601.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 8.0% |
| Monthly Cash Flow | $(157) | $300 |
City averages based on Wellman 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 | $1,271 |
| Total Monthly Debt Service | $1,341 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1915
0.43 Acres 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 1915
0.43 Acres 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