505 4th StPiersonIA51048
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 505 4th St, Pierson, IA, 51048 in Pierson is listed at $169,000 and delivers $1,314/mo in rent and $216/mo in net monthly cash flow. The 9.33% yield and 1.73 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $46,692 over five years, and $1,557/yr in principal reduction supplements cash return. Total projected cumulative return: $78,259.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $216 | $150 |
City averages based on Pierson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,314 |
| Total Monthly Debt Service | $1,030 |
| DSCR Ratio | 1.28x |
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 1930
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51048, Pierson, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 267 (100%) |
| Owner Occupied HU | 170 (63.7%) |
| Renter Occupied HU | 65 (24.3%) |
| Vacant Housing Units | 32 (12.0%) |
| Median Home Value | $220,313 |
| Average Home Value | $234,618 |
Housing Distribution
Address Breakdown
Residential
159
Single Family
159
Multi-Family
0
Businesses
14
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 1930
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51048, Pierson, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 267 (100%) |
| Owner Occupied HU | 170 (63.7%) |
| Renter Occupied HU | 65 (24.3%) |
| Vacant Housing Units | 32 (12.0%) |
| Median Home Value | $220,313 |
| Average Home Value | $234,618 |
Housing Distribution
Address Breakdown
Residential
159
Single Family
159
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices