1920 16th 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 1920 16th St, Perry, IA, 50220 offers a 8.83% rental yield on a $355,000 purchase with $2,612/mo rent. Total monthly income registers $2,612/mo, and a $1,738/mo payment leaves $306/mo available for distribution. Annual cash flow reaches $3,672/yr on $117,683 to close, and return on cash invested stands at 23.03% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 119.96% and total cumulative return in cash at $141,168. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,612/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
0.57 Acres 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: Amy Chaney-Rathje • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #724490
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.