1002 Dubs DrIowa CityIA52246
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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 Iowa City at 1002 Dubs Dr, Iowa City, IA, 52246 uses $119,340 cash to close to unlock $2,544/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $2,730/mo, and a $1,762/mo payment keeps the spread at $212/mo. Purchase price stands at $360,000, and rental yield measures 9.1% with $2,730/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 115.32% and total cumulative return in cash records $137,625. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,730/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
$2,160 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52246, Iowa City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,176 (100%) |
| Owner Occupied HU | 4,491 (40.2%) |
| Renter Occupied HU | 5,831 (52.2%) |
| Vacant Housing Units | 854 ( 7.6%) |
| Median Home Value | $358,257 |
| Average Home Value | $409,004 |
Housing Distribution
Address Breakdown
Residential
10,652
Single Family
6,750
Multi-Family
3,902
Businesses
346
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Listed by: Jill Armstrong • Skogman Realty Co.
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202404619
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it 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 accurate by the MLS.