17542 324th StDavis CityIA50065
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 17542 324th St, Davis City, IA, 50065 in Davis City fits: $1,775,000, 1.2% gross yield, and a projected 5% annual appreciation rate adding $490,400 in value within five years. Rental yield 1.2%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.22) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $16,348/yr in principal paydown and $490,400 in appreciation project a total return of $47,436.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 1.2% | 6.2% |
| Monthly Cash Flow | $(9,758) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,770 |
| Total Monthly Debt Service | $10,822 |
| DSCR Ratio | 0.16x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2006
242 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50065, Davis City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 285 (100%) |
| Owner Occupied HU | 170 (59.6%) |
| Renter Occupied HU | 47 (16.5%) |
| Vacant Housing Units | 68 (23.9%) |
| Median Home Value | $155,000 |
| Average Home Value | $229,471 |
Housing Distribution
Address Breakdown
Residential
192
Single Family
192
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
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 2006
242 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50065, Davis City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 285 (100%) |
| Owner Occupied HU | 170 (59.6%) |
| Renter Occupied HU | 47 (16.5%) |
| Vacant Housing Units | 68 (23.9%) |
| Median Home Value | $155,000 |
| Average Home Value | $229,471 |
Housing Distribution
Address Breakdown
Residential
192
Single Family
192
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: N/A • N/A
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6339588