890 Forest Mills RdWaukonIA52172
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 890 Forest Mills Rd, Waukon, IA, 52172 in Waukon offers a clean, manageable entry. Rental yield 6.85%. DSCR 1.27 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $75,977 in additional property value over five years, with $2,533/yr in principal equity building ownership stake. Total projected cumulative return: $90,783.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 8.0% |
| Monthly Cash Flow | $(215) | $400 |
City averages based on Waukon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,571 |
| Total Monthly Debt Service | $1,677 |
| DSCR Ratio | 0.94x |
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 1900
9.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52172, Waukon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,882 (100%) |
| Owner Occupied HU | 1,947 (67.6%) |
| Renter Occupied HU | 629 (21.8%) |
| Vacant Housing Units | 306 (10.6%) |
| Median Home Value | $198,845 |
| Average Home Value | $346,424 |
Housing Distribution
Address Breakdown
Residential
2,694
Single Family
2,565
Multi-Family
129
Businesses
294
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 1900
9.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52172, Waukon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,882 (100%) |
| Owner Occupied HU | 1,947 (67.6%) |
| Renter Occupied HU | 629 (21.8%) |
| Vacant Housing Units | 306 (10.6%) |
| Median Home Value | $198,845 |
| Average Home Value | $346,424 |
Housing Distribution
Address Breakdown
Residential
2,694
Single Family
2,565
Multi-Family
129
Businesses
294
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices