2004 Otley AvePerryIA50220
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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 2004 Otley Ave, Perry, IA, 50220 with 5% annual appreciation on a $229,990 basis while $2,454/mo rent supports operations. Total monthly income totals $2,454/mo and a $1,126/mo payment preserves $960/mo for cash returns. Annual cash flow comes to $11,520/yr on $76,242 deployed, and return on cash invested reaches 35.02% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,542 alongside rental yield of 12.8%. Five-year ROI measures 184.34% and total cumulative return in cash totals $140,548.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,454/mo property income versus a $1,126/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2024
0.30 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: Zack Cregeen • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #709960
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.