1924 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 1924 2nd St, Perry, IA, 50220 earns $922/mo cash flow from $2,406/mo rent with a $1,118/mo payment. Total monthly income totals $2,406/mo, and annual cash flow totals $11,069/yr on $75,748 capital. ROI tracks 34.52% on current figures, and rental yield reads 12.64% at a $228,500 purchase. Equity gained on principal adds $1,474/yr, and 5% annual appreciation supports $63,130 over five years. Five-year ROI reaches 181.63% and total cumulative return in cash sums $137,584. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,406/mo property income instead of your personal income.
Single Family
Built in 1940
6,581 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: Jessica Schaffer • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #726846
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.