Hoover C Plan, Kimberly WoodsElkhartIA50073
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHoover C Plan, Kimberly Woods, Elkhart, IA, 50073 in Elkhart is a solid income-producing rental, 9.57% gross yield, $2,316/mo rent, $429/mo net cash flow on a $290,500 buy. DSCR 1.77 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $80,260 and $2,676/yr in principal reduction project a total cumulative return of $138,233.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 8.2% |
| Monthly Cash Flow | $429 | $400 |
City averages based on Elkhart market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,316 |
| Total Monthly Debt Service | $1,771 |
| DSCR Ratio | 1.31x |
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices