809 Bridge StCoon RapidsIA50058
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $127,000, 809 Bridge St, Coon Rapids, IA, 50058 in Coon Rapids generates $988/mo in rent (9.26% yield) but nets only $159/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.73) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $35,088. Total projected return: $58,839.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $159 | $200 |
City averages based on Coon Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $988 |
| Total Monthly Debt Service | $774 |
| DSCR Ratio | 1.28x |
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 1958
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50058, Coon Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 870 (100%) |
| Owner Occupied HU | 624 (71.7%) |
| Renter Occupied HU | 151 (17.4%) |
| Vacant Housing Units | 95 (10.9%) |
| Median Home Value | $165,234 |
| Average Home Value | $211,130 |
Housing Distribution
Address Breakdown
Residential
811
Single Family
804
Multi-Family
7
Businesses
83
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 1958
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50058, Coon Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 870 (100%) |
| Owner Occupied HU | 624 (71.7%) |
| Renter Occupied HU | 151 (17.4%) |
| Vacant Housing Units | 95 (10.9%) |
| Median Home Value | $165,234 |
| Average Home Value | $211,130 |
Housing Distribution
Address Breakdown
Residential
811
Single Family
804
Multi-Family
7
Businesses
83
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Eddy • Community Insurance & Realty
Mls Name: NoCoast MLS
Mls ID: #6328907