808 Franklin StElginIA52141
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 808 Franklin St, Elgin, IA, 52141 in Elgin: $1,231/mo in rent, $323/mo in net income, 10.56% gross yield, 1.96 DSCR, all at $139,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $38,652 in appreciation and $1,288/yr in principal paydown projects total cumulative return of $74,044.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.5% |
| Monthly Cash Flow | $323 | $1,200 |
City averages based on Elgin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,231 |
| Total Monthly Debt Service | $853 |
| 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 1920
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52141, Elgin, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 656 (100%) |
| Owner Occupied HU | 475 (72.4%) |
| Renter Occupied HU | 107 (16.3%) |
| Vacant Housing Units | 74 (11.3%) |
| Median Home Value | $151,453 |
| Average Home Value | $223,889 |
Housing Distribution
Address Breakdown
Residential
539
Single Family
539
Multi-Family
0
Businesses
47
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 1920
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52141, Elgin, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 656 (100%) |
| Owner Occupied HU | 475 (72.4%) |
| Renter Occupied HU | 107 (16.3%) |
| Vacant Housing Units | 74 (11.3%) |
| Median Home Value | $151,453 |
| Average Home Value | $223,889 |
Housing Distribution
Address Breakdown
Residential
539
Single Family
539
Multi-Family
0
Businesses
47
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices