508 W 2nd StPellaIA50219
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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 Pella at 508 W 2nd St, Pella, IA, 50219 uses $82,544 cash to close to unlock $991/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $1,700/mo, and a $1,219/mo payment keeps the spread at $83/mo. Purchase price stands at $249,000, and rental yield measures 8.19% with $1,700/mo rent. Return on cash invested shows 21.11% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 109.7% and total cumulative return in cash records $90,548. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,700/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1938
2,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50219, Pella, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,760 (100%) |
| Owner Occupied HU | 3,786 (65.7%) |
| Renter Occupied HU | 1,557 (27.0%) |
| Vacant Housing Units | 417 ( 7.2%) |
| Median Home Value | $309,649 |
| Average Home Value | $341,465 |
Housing Distribution
Address Breakdown
Residential
5,831
Single Family
5,207
Multi-Family
624
Businesses
566
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Listed by: Vicki Cowman • Home Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #723971
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.