933 Iowa River DrDorchesterIA52140
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.87% yield at 933 Iowa River Dr, Dorchester, IA, 52140 in Dorchester is solid, but the $1,704/mo payment compresses net cash flow to $24/mo at $379,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $104,711 by year five, and $3,491/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.46) without U.S. income documentation. Total projected return: $145,766.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.0% |
| Monthly Cash Flow | $24 | $150 |
City averages based on Dorchester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,485 |
| Total Monthly Debt Service | $2,311 |
| DSCR Ratio | 1.08x |
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 1900
2.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52140, Dorchester, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 303 (100%) |
| Owner Occupied HU | 206 (68.0%) |
| Renter Occupied HU | 28 ( 9.2%) |
| Vacant Housing Units | 69 (22.8%) |
| Median Home Value | $281,250 |
| Average Home Value | $475,400 |
Housing Distribution
Address Breakdown
Residential
237
Single Family
237
Multi-Family
0
Businesses
5
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
2.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52140, Dorchester, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 303 (100%) |
| Owner Occupied HU | 206 (68.0%) |
| Renter Occupied HU | 28 ( 9.2%) |
| Vacant Housing Units | 69 (22.8%) |
| Median Home Value | $281,250 |
| Average Home Value | $475,400 |
Housing Distribution
Address Breakdown
Residential
237
Single Family
237
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacie S Cooper • Sweeney Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254538