767 N 2nd StCherokeeIA51012
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow767 N 2nd St, Cherokee, IA, 51012 in Cherokee is a top-tier cash-flow asset. At $120,000 it produces $1,848/mo in rent and $1,069/mo in net monthly income, a 18.48% gross rental yield. The DSCR of 3.42 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $12,824. Five-year appreciation adds $33,154, driving a total cumulative return of $114,417.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.5% | 10.0% |
| Monthly Cash Flow | $1,069 | $300 |
City averages based on Cherokee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,848 |
| Total Monthly Debt Service | $732 |
| DSCR Ratio | 2.53x |
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 1898
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51012, Cherokee, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,089 (100%) |
| Owner Occupied HU | 1,995 (64.6%) |
| Renter Occupied HU | 801 (25.9%) |
| Vacant Housing Units | 293 ( 9.5%) |
| Median Home Value | $181,510 |
| Average Home Value | $214,591 |
Housing Distribution
Address Breakdown
Residential
2,842
Single Family
2,479
Multi-Family
363
Businesses
342
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 1898
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51012, Cherokee, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,089 (100%) |
| Owner Occupied HU | 1,995 (64.6%) |
| Renter Occupied HU | 801 (25.9%) |
| Vacant Housing Units | 293 ( 9.5%) |
| Median Home Value | $181,510 |
| Average Home Value | $214,591 |
Housing Distribution
Address Breakdown
Residential
2,842
Single Family
2,479
Multi-Family
363
Businesses
342
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rusty W Rasmus • Rasmus Realty & Auction
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829490
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.