8061 Cobblestone CtUrbandaleIA50322
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 8061 Cobblestone Ct, Urbandale, IA, 50322 in Urbandale at $239,500, 5.51% gross yield, is a market-growth asset. Rental yield 5.51%. The $1,838/mo rent partially funds the $1,077/mo debt service; the core return is the 5%/yr price growth projected to add $66,169 over five years. Ziffy Mortgage's DSCR mortgage (1.71) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $73,738.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.5% | 6.8% |
| Monthly Cash Flow | $(1,050) | $450 |
City averages based on Urbandale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,838 |
| Total Monthly Debt Service | $2,053 |
| DSCR Ratio | 0.90x |
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.
Condo
Built in 1984
4,795 sqft lot
$N/A/sqft
$593 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50322, Urbandale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,132 (100%) |
| Owner Occupied HU | 9,754 (69.0%) |
| Renter Occupied HU | 3,744 (26.5%) |
| Vacant Housing Units | 634 ( 4.5%) |
| Median Home Value | $284,903 |
| Average Home Value | $302,461 |
Housing Distribution
Address Breakdown
Residential
13,630
Single Family
10,811
Multi-Family
2,819
Businesses
1,407
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 1984
4,795 sqft lot
$N/A/sqft
$593 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50322, Urbandale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,132 (100%) |
| Owner Occupied HU | 9,754 (69.0%) |
| Renter Occupied HU | 3,744 (26.5%) |
| Vacant Housing Units | 634 ( 4.5%) |
| Median Home Value | $284,903 |
| Average Home Value | $302,461 |
Housing Distribution
Address Breakdown
Residential
13,630
Single Family
10,811
Multi-Family
2,819
Businesses
1,407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy Nastruz • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #718037
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.