1924 Lucinda 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 Lucinda St, Perry, IA, 50220 uses $59,637 cash to close to unlock $1,262/yr annual cash flow and $105/mo monthly cash flow. Total monthly income runs $1,274/mo, and a $881/mo payment keeps the spread at $105/mo. Purchase price stands at $179,900, and rental yield measures 8.5% with $1,274/mo rent. Return on cash invested shows 22.03% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 114.69% and total cumulative return in cash records $68,397. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,274/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1900
7,701 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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