895 W 8th St #3GarnerIA50438
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 895 W 8th St #3, Garner, IA, 50438 in Garner, $239,900, 8.61% gross yield, $113/mo net income. Consider it a market-entry position, the $1,721/mo rent covers the $1,079/mo payment with a margin, and 5%/yr appreciation is projected to add $66,280 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.59) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $98,805.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.2% |
| Monthly Cash Flow | $113 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,721 |
| Total Monthly Debt Service | $1,513 |
| DSCR Ratio | 1.14x |
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.
Condo
Built in 2024
0.28 Acres lot
$N/A/sqft
$50 monthly HOA
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 2024
0.28 Acres lot
$N/A/sqft
$50 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emsad Begic • Vine Valley Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20244509
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