505 E 2nd StPetersonIA51047
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 505 E 2nd St, Peterson, IA, 51047 in Peterson speaks for itself: 18.63% gross on a $115,000 price, generating $1,786/mo in rent and $1,039/mo in net income after the $517/mo debt service. DSCR 3.45, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $12,465 stacks alongside $31,772 in projected five-year appreciation and $1,059/yr in principal reduction. Projected total cumulative return: $110,627.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.6% | 5.0% |
| Monthly Cash Flow | $1,039 | $300 |
City averages based on Peterson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,786 |
| Total Monthly Debt Service | $701 |
| DSCR Ratio | 2.55x |
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
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51047, Peterson, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 345 (100%) |
| Owner Occupied HU | 239 (69.3%) |
| Renter Occupied HU | 49 (14.2%) |
| Vacant Housing Units | 57 (16.5%) |
| Median Home Value | $190,179 |
| Average Home Value | $205,377 |
Housing Distribution
Address Breakdown
Residential
184
Single Family
181
Multi-Family
3
Businesses
24
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
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51047, Peterson, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 345 (100%) |
| Owner Occupied HU | 239 (69.3%) |
| Renter Occupied HU | 49 (14.2%) |
| Vacant Housing Units | 57 (16.5%) |
| Median Home Value | $190,179 |
| Average Home Value | $205,377 |
Housing Distribution
Address Breakdown
Residential
184
Single Family
181
Multi-Family
3
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert Donahoo • Gustafson Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828688
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.