1003 Pierce StSioux CityIA51105
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 1003 Pierce St, Sioux City, IA, 51105 in Sioux City the bet is firmly on appreciation. Rental yield 0.61%. The 0.61% gross yield on a $1,950,000 price is below income-first thresholds, but 5%/yr value growth projects $538,749 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.11) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0.6% | 7.2% |
| Monthly Cash Flow | $(11,678) | $450 |
City averages based on Sioux City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $986 |
| Total Monthly Debt Service | $11,888 |
| DSCR Ratio | 0.08x |
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.
Multi Family
Built in 1920
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51105, Sioux City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,282 (100%) |
| Owner Occupied HU | 1,713 (40.0%) |
| Renter Occupied HU | 2,156 (50.4%) |
| Vacant Housing Units | 413 ( 9.6%) |
| Median Home Value | $101,670 |
| Average Home Value | $126,248 |
Housing Distribution
Address Breakdown
Residential
3,867
Single Family
3,143
Multi-Family
724
Businesses
350
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
Multi Family
Built in 1920
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51105, Sioux City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,282 (100%) |
| Owner Occupied HU | 1,713 (40.0%) |
| Renter Occupied HU | 2,156 (50.4%) |
| Vacant Housing Units | 413 ( 9.6%) |
| Median Home Value | $101,670 |
| Average Home Value | $126,248 |
Housing Distribution
Address Breakdown
Residential
3,867
Single Family
3,143
Multi-Family
724
Businesses
350
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erin Rooney • Gateway Real Estate Advisors
Mls Name: Northwest Iowa Regional BOR
Mls ID: #829357