906 Riverview DrSioux RapidsIA50585
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 906 Riverview Dr, Sioux Rapids, IA, 50585 in Sioux Rapids: $1,763/mo in rent, $353/mo in net income, 9.75% gross yield, 1.81 DSCR, all at $217,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $59,953 in appreciation and $1,999/yr in principal paydown projects total cumulative return of $105,337.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 6.0% |
| Monthly Cash Flow | $353 | $300 |
City averages based on Sioux Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,763 |
| Total Monthly Debt Service | $1,323 |
| DSCR Ratio | 1.33x |
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 1964
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50585, Sioux Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 536 (100%) |
| Owner Occupied HU | 371 (69.2%) |
| Renter Occupied HU | 97 (18.1%) |
| Vacant Housing Units | 68 (12.7%) |
| Median Home Value | $116,146 |
| Average Home Value | $169,730 |
Housing Distribution
Address Breakdown
Residential
273
Single Family
251
Multi-Family
22
Businesses
48
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 1964
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50585, Sioux Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 536 (100%) |
| Owner Occupied HU | 371 (69.2%) |
| Renter Occupied HU | 97 (18.1%) |
| Vacant Housing Units | 68 (12.7%) |
| Median Home Value | $116,146 |
| Average Home Value | $169,730 |
Housing Distribution
Address Breakdown
Residential
273
Single Family
251
Multi-Family
22
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrea Larson • Midwest Land Group, LLC
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828993
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.