309 6th AvePersiaIA51563
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 Persia at 309 6th Ave, Persia, IA, 51563 offers $2,012/mo rent that, after a $1,126/mo payment, leaves $518/mo cash flow. Total monthly income is $2,012/mo, and annual cash flow is $6,216/yr on $76,245 cash. Return on cash invested measures 28.06% in year one, and rental yield stands at 10.5% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 146.95% and total cumulative return in cash reaches $112,039. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,012/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51563, Persia, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 288 (100%) |
| Owner Occupied HU | 219 (76.0%) |
| Renter Occupied HU | 42 (14.6%) |
| Vacant Housing Units | 27 ( 9.4%) |
| Median Home Value | $235,256 |
| Average Home Value | $296,187 |
Housing Distribution
Address Breakdown
Residential
162
Single Family
162
Multi-Family
0
Businesses
7
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