1320 W 2nd StPerryIA50220
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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
Investment Highlights
Investment property for sale in Perry at 1320 W 2nd St, Perry, IA, 50220 uses $55,659 cash to close to unlock $9,532/yr annual cash flow and $794/mo monthly cash flow. Total monthly income runs $1,885/mo, and a $822/mo payment keeps the spread at $794/mo. Purchase price stands at $167,900, and rental yield measures 13.47% with $1,885/mo rent. Return on cash invested shows 37.04% in year one, and 5% annual appreciation builds toward $46,388 over five years. Five-year ROI reaches 195.13% and total cumulative return in cash records $108,610. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,885/mo property income covering a $822/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,000 sqft 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
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Listed by: Gloria Dahl • BHHS First Realty Westown
Mls Name: DMMLS
Mls Provider:
Mls ID: #697543
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.