502 9th AveSullyIA50251
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 502 9th Ave, Sully, IA, 50251 in Sully. At $170,000 it earns $1,398/mo in rent and distributes $294/mo to the owner after the $764/mo payment, a consistent 9.87% yield. DSCR 1.83 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $46,968 in value; $1,566/yr in principal paydown compounds ownership stake. Total projected return: $83,628.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.0% |
| Monthly Cash Flow | $294 | $1,200 |
City averages based on Sully market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,398 |
| Total Monthly Debt Service | $1,036 |
| DSCR Ratio | 1.35x |
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 1910
8,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50251, Sully, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 567 (100%) |
| Owner Occupied HU | 447 (78.8%) |
| Renter Occupied HU | 90 (15.9%) |
| Vacant Housing Units | 30 ( 5.3%) |
| Median Home Value | $215,678 |
| Average Home Value | $279,223 |
Housing Distribution
Address Breakdown
Residential
415
Single Family
415
Multi-Family
0
Businesses
73
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 1910
8,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50251, Sully, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 567 (100%) |
| Owner Occupied HU | 447 (78.8%) |
| Renter Occupied HU | 90 (15.9%) |
| Vacant Housing Units | 30 ( 5.3%) |
| Median Home Value | $215,678 |
| Average Home Value | $279,223 |
Housing Distribution
Address Breakdown
Residential
415
Single Family
415
Multi-Family
0
Businesses
73
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Behun • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #708504
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.