417 NE 2nd StPanoraIA50216
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 417 NE 2nd St, Panora, IA, 50216 in Panora speaks for itself: 12.06% gross on a $173,500 price, generating $1,744/mo in rent and $617/mo in net income after the $780/mo debt service. DSCR 2.24, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,402 stacks alongside $47,935 in projected five-year appreciation and $1,598/yr in principal reduction. Projected total cumulative return: $105,777.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 8.0% |
| Monthly Cash Flow | $617 | $300 |
City averages based on Panora market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,744 |
| Total Monthly Debt Service | $1,058 |
| DSCR Ratio | 1.65x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.