741 Richland CtVan MeterIA50261
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play741 Richland Ct, Van Meter, IA, 50261 in Van Meter is priced for appreciation, not yield. Rental yield 5.1%. At $789,900 with a 5.1% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $218,235 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.94) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $185,595.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.1% | 6.0% |
| Monthly Cash Flow | $(1,788) | $500 |
City averages based on Van Meter market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,355 |
| Total Monthly Debt Service | $4,828 |
| DSCR Ratio | 0.69x |
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 2025
0.26 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50261, Van Meter, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,207 (100%) |
| Owner Occupied HU | 982 (81.4%) |
| Renter Occupied HU | 119 ( 9.9%) |
| Vacant Housing Units | 106 ( 8.8%) |
| Median Home Value | $523,148 |
| Average Home Value | $553,473 |
Housing Distribution
Address Breakdown
Residential
1,026
Single Family
1,014
Multi-Family
12
Businesses
39
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 2025
0.26 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50261, Van Meter, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,207 (100%) |
| Owner Occupied HU | 982 (81.4%) |
| Renter Occupied HU | 119 ( 9.9%) |
| Vacant Housing Units | 106 ( 8.8%) |
| Median Home Value | $523,148 |
| Average Home Value | $553,473 |
Housing Distribution
Address Breakdown
Residential
1,026
Single Family
1,014
Multi-Family
12
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JENNY GRATIAS WILLE • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #711523
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.