306 E Main StPanoraIA50216
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 306 E Main St, Panora, IA, 50216 in Panora at $224,000 earns $1,575/mo in rent and nets $120/mo after the $1,007/mo payment, a 8.44% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $61,887 over five years. Ziffy Mortgage underwrites this on a 1.56 DSCR without U.S. credit history. With $2,063/yr in principal paydown, total projected return reaches $92,996.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 8.0% |
| Monthly Cash Flow | $120 | $300 |
City averages based on Panora market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,575 |
| Total Monthly Debt Service | $1,366 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1910
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50216, Panora, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,866 (100%) |
| Owner Occupied HU | 967 (51.8%) |
| Renter Occupied HU | 242 (13.0%) |
| Vacant Housing Units | 657 (35.2%) |
| Median Home Value | $190,264 |
| Average Home Value | $262,606 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,159
Multi-Family
50
Businesses
123
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
Single Family
Built in 1910
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50216, Panora, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,866 (100%) |
| Owner Occupied HU | 967 (51.8%) |
| Renter Occupied HU | 242 (13.0%) |
| Vacant Housing Units | 657 (35.2%) |
| Median Home Value | $190,264 |
| Average Home Value | $262,606 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,159
Multi-Family
50
Businesses
123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices