1620 6th StPerryIA50220
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1620 6th St, Perry, IA, 50220 in Perry at $184,900 earns $1,350/mo in rent and nets $149/mo after the $877/mo payment, a 8.76% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $51,084 over five years. Ziffy Mortgage underwrites this on a 1.54 DSCR without U.S. credit history. With $1,550/yr in principal paydown, total projected return reaches $76,492.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.0% |
| Monthly Cash Flow | $149 | $250 |
City averages based on Perry market data in our database. Property projections are estimates.
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 | $1,350 |
| Total Monthly Debt Service | $1,172 |
| DSCR Ratio | 1.15x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1916
7,501 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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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
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Nearby investment properties with comparable prices
