1189 9th StCoralvilleIA52241
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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 Coralville at 1189 9th St, Coralville, IA, 52241 uses $112,710 cash to close to unlock $6,612/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $2,759/mo, and a $1,664/mo payment keeps the spread at $551/mo. Purchase price stands at $340,000, and rental yield measures 9.74% with $2,759/mo rent. Return on cash invested shows 25.78% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 134.7% and total cumulative return in cash records $151,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,759/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2011
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52241, Coralville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,374 (100%) |
| Owner Occupied HU | 5,016 (44.1%) |
| Renter Occupied HU | 5,403 (47.5%) |
| Vacant Housing Units | 955 ( 8.4%) |
| Median Home Value | $323,538 |
| Average Home Value | $376,400 |
Housing Distribution
Address Breakdown
Residential
11,183
Single Family
7,185
Multi-Family
3,998
Businesses
1,149
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Listed by: Mark Fay • Skogman Realty Co.
Mls Name: Iowa City Area AOR
Mls ID: #202507143