1920 1st AvePerryIA50220
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
Investment Highlights
Rental property for sale in Perry at 1920 1st Ave, Perry, IA, 50220 generates $1,249/mo in rent and, after a $783/mo payment, leaves $210/mo in cash flow. Total monthly income is $1,249/mo, and annual cash flow is $2,520/yr on $53,040 invested. Return on cash invested sits at 24.66% in year one, and rental yield is 9.37% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 128.71% and total cumulative return in cash sums $68,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,249/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
6,969 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matt Hennig • Platinum Realty LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #719216
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.