721 Grove StPerryIA50220
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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
Rental property for sale in Perry at 721 Grove St, Perry, IA, 50220 priced at $128,000 pairs $1,199/mo rent with $366/mo cash flow after a $627/mo payment. Total monthly income equals $1,199/mo, and annual cash flow comes to $4,386/yr on $42,432 invested. Return on cash invested is 30.25% in year one, and rental yield stands at 11.24% on a $128,000 basis. Equity gained on principal adds $826/yr, and 5% annual appreciation accumulates to $35,364 by year five. Five-year ROI measures 158.74% and total cumulative return in cash reaches $67,355. For financing, Ziffy Mortgage’s DSCR program evaluates $1,199/mo property income against a $627/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
10,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50220, Perry, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,895 (100%) |
| Owner Occupied HU | 2,230 (57.3%) |
| Renter Occupied HU | 1,341 (34.4%) |
| Vacant Housing Units | 324 ( 8.3%) |
| Median Home Value | $156,877 |
| Average Home Value | $239,574 |
Housing Distribution
Address Breakdown
Residential
3,589
Single Family
3,276
Multi-Family
313
Businesses
295
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Listed by: Jerry Drymon • EXIT Realty & Associates
Mls Name: DMMLS
Mls Provider:
Mls ID: #712665
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.