1300 2nd StPerryIA50220
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1300 2nd St, Perry, IA, 50220 in Perry deserves attention. This $115,000 property earns $1,283/mo in rent, a 13.39% gross yield, and nets $536/mo after the $517/mo payment. DSCR 2.48 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $31,772 compounds alongside $1,059/yr in yearly equity build, for a total cumulative return of $78,251.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.4% | 6.0% |
| Monthly Cash Flow | $536 | $250 |
City averages based on Perry market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,283 |
| Total Monthly Debt Service | $701 |
| DSCR Ratio | 1.83x |
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.
Multi Family
Built in 1912
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50220, Perry, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,895 (100%) |
| Owner Occupied HU | 2,230 (57.3%) |
| Renter Occupied HU | 1,341 (34.4%) |
| Vacant Housing Units | 324 ( 8.3%) |
| Median Home Value | $156,877 |
| Average Home Value | $239,574 |
Housing Distribution
Address Breakdown
Residential
3,589
Single Family
3,276
Multi-Family
313
Businesses
295
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 1912
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50220, Perry, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,895 (100%) |
| Owner Occupied HU | 2,230 (57.3%) |
| Renter Occupied HU | 1,341 (34.4%) |
| Vacant Housing Units | 324 ( 8.3%) |
| Median Home Value | $156,877 |
| Average Home Value | $239,574 |
Housing Distribution
Address Breakdown
Residential
3,589
Single Family
3,276
Multi-Family
313
Businesses
295
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fernando Aveiga • EXP Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #713311
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.