309 6th AvePersiaIA51563
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 309 6th Ave, Persia, IA, 51563 in Persia earns a 9.79% gross yield at $230,000. Rent of $2,012/mo nets $383/mo after the $1,034/mo mortgage. The 1.95 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $63,545 and $2,118/yr in equity accumulation project a total cumulative return of $120,874.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 7.0% |
| Monthly Cash Flow | $383 | $300 |
City averages based on Persia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,012 |
| Total Monthly Debt Service | $1,402 |
| DSCR Ratio | 1.43x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices