318 N 1st StPanoraIA50216
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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
Rental property for sale in Panora at 318 N 1st St, Panora, IA, 50216 generates $2,051/mo in rent and, after a $854/mo payment, leaves $918/mo in cash flow. Total monthly income is $2,051/mo, and annual cash flow is $11,014/yr on $57,847 invested. Return on cash invested sits at 38.95% in year one, and rental yield is 14.1% on a $174,500 entry. Equity gained on principal adds $1,126/yr, while 5% annual appreciation builds toward $48,211 over five years. Five-year ROI reaches 205.36% and total cumulative return in cash sums $118,794. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,051/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
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
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Listed by: Jon Lipovac • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #719443
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.