Iowa DSCR, Hard Money, Fix & Flip, Construction & Multifamily Loans
Iowa (IA) Underwriting Snapshot (BLUF): Wholesale business-purpose investment property loans in Iowa utilize Judicial (or Non-Judicial Voluntary Commercial) security instruments, with an average non-homestead effective property tax rate of 1.52%, a median 1–4 unit investment home price of $235,000 (median rent $1,920/mo), and 5+ unit multifamily market rents averaging $1,150/door. Arranged by Loan Daddy LLC (NMLS #2827624).
SECURITY INSTRUMENT
Judicial (or Non-Judicial Voluntary Commercial)EFFECTIVE PROPERTY TAX
1.52% Avg ($298/mo)MEDIAN 1–4 UNIT PRICE & RENT
$235,000 · $1,920/mo5+ UNIT MULTIFAMILY RENT
$1,150/door/moIowa Pre-Populated Underwriting Terminal
1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator
Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · Canonical Integer _cents & _bps Engine
Price/Door: $235,000·Loan/Door: $176,250·Avg Rent/Door: $1,920/mo
Prepayment Stepdown Structure
Amortization & FICO Tier
Calculated DSCR Coverage Ratio
1.27xCanonical:
127 bps · 7500 bps LTV · 6625 bps RateTier-1 Institutional (1.25x+ — Max LTV & Best Pricing)
Loan Amount (75% LTV)$176,25017,625,000 _cents
Monthly P&I Debt Service$1,129/mo@ 6.625% Note Rate
Total Monthly PITIA$1,508/moTax: $298 · Ins: $82
Net Monthly Cash Flow+$412/mo$4,938/yr net
Wholesale PPE Multi-Option Execution Comparison (Borrower-Paid 2.000% Default · 39 Wholesale Lenders)
| Execution Option | Prepay Structure | Est. Note Rate | Prepay Price Credit | Monthly Debt Service | DSCR Ratio |
|---|---|---|---|---|---|
| Option A: Lowest Rate (60-Mo Stepdown) | 5-4-3-2-1 | 6.625% | -100 bps (-1.000 pt) | $1,508/mo | 1.27x |
| Option B: Balanced Par (36-Mo Stepdown) | 3-2-1 | 6.875% | -75 bps (-0.750 pt) | $1,538/mo | 1.25x |
| Option C: Max Cash Flow (10-Yr Interest-Only) | 3-2-1 IO | 7.000% | +38 bps IO LLPA | $1,408/mo | 1.36x |
Many DSCR lenders focus on the property's rent, not your tax returns. Not all applicants will qualify; terms vary by lender. Loans made or arranged pursuant to a California Financing Law license, #60DBO-218873.
Iowa Cities with Population ≥ 50,000 (11 Markets)
Click any Iowa city below to open its localized DSCR & Commercial Multifamily underwriting desk with county property tax rates, median rent benchmarks, and a pre-populated city deal calculator:
| City (IA) | County | 2026 Est. Pop | Effective Tax Rate | Median 1–4 Unit Price | Median Monthly Rent | 5+ Unit Rent/Door |
|---|---|---|---|---|---|---|
| Des Moines, IA → | POLK County County | 226,186 | 1.4% | $240,000 | $2,000/mo | $1,200/door |
| Cedar Rapids, IA → | LINN County County | 139,988 | 1.49% | $225,000 | $1,800/mo | $1,100/door |
| Davenport, IA → | SCOTT County County | 111,351 | 1.61% | $235,000 | $1,900/mo | $1,125/door |
| Sioux City, IA → | WOODBURY County County | 89,880 | 1.52% | $225,000 | $1,850/mo | $1,100/door |
| Iowa City, IA → | JOHNSON County County | 78,034 | 1.46% | $220,000 | $1,800/mo | $1,075/door |
| Waterloo, IA → | BLACK HAWK County County | 74,519 | 1.52% | $240,000 | $1,950/mo | $1,150/door |
| Council Bluffs, IA → | POTTAWATTAMIE County County | 67,546 | 1.64% | $235,000 | $1,900/mo | $1,150/door |
| Ames, IA → | STORY County County | 67,353 | 1.52% | $210,000 | $1,750/mo | $1,050/door |
| West Des Moines, IA → | POLK County County | 66,768 | 1.52% | $210,000 | $1,750/mo | $1,050/door |
| Dubuque, IA → | DUBUQUE County County | 63,496 | 1.43% | $215,000 | $1,800/mo | $1,075/door |
| Ankeny, IA → | POLK County County | 56,208 | 1.55% | $240,000 | $1,950/mo | $1,175/door |