417 NE 2nd 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
Investment property for sale in Panora at 417 NE 2nd St, Panora, IA, 50216 uses $57,515 cash to close to unlock $7,409/yr annual cash flow and $617/mo monthly cash flow. Total monthly income runs $1,744/mo, and a $849/mo payment keeps the spread at $617/mo. Purchase price stands at $173,500, and rental yield measures 12.06% with $1,744/mo rent. Return on cash invested shows 32.79% in year one, and 5% annual appreciation builds toward $47,935 over five years. Five-year ROI reaches 172.36% and total cumulative return in cash records $99,136. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,744/mo property income covering a $849/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,276 sqft 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: #719469
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.