Fillmore Plan, Grand Ridge EstatesVan MeterIA50038
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at Fillmore Plan, Grand Ridge Estates, Van Meter, IA, 50038 in Van Meter speaks for itself: 11.31% gross on a $326,000 price, generating $3,072/mo in rent and $955/mo in net income after the $1,466/mo debt service. DSCR 2.10, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,457 stacks alongside $90,068 in projected five-year appreciation and $3,002/yr in principal reduction. Projected total cumulative return: $185,518.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.0% |
| Monthly Cash Flow | $955 | $500 |
City averages based on Van Meter market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,072 |
| Total Monthly Debt Service | $1,988 |
| DSCR Ratio | 1.55x |
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 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50038, Booneville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 99 (100%) |
| Owner Occupied HU | 70 (70.7%) |
| Renter Occupied HU | 27 (27.3%) |
| Vacant Housing Units | 2 ( 2.0%) |
| Median Home Value | $607,143 |
| Average Home Value | $637,929 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
8
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 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50038, Booneville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 99 (100%) |
| Owner Occupied HU | 70 (70.7%) |
| Renter Occupied HU | 27 (27.3%) |
| Vacant Housing Units | 2 ( 2.0%) |
| Median Home Value | $607,143 |
| Average Home Value | $637,929 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices