120 Shannon Dr UNIT 4North LibertyIA52317
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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 North Liberty at 120 Shannon Dr UNIT 4, North Liberty, IA, 52317 earns $411/mo cash flow from $1,181/mo rent with a $580/mo payment. Total monthly income totals $1,181/mo, and annual cash flow totals $4,937/yr on $39,283 capital. ROI tracks 32.48% on current figures, and rental yield reads 11.96% at a $118,500 purchase. Equity gained on principal adds $765/yr, and 5% annual appreciation supports $32,739 over five years. Five-year ROI reaches 170.68% and total cumulative return in cash sums $67,048. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,181/mo property income instead of your personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52317, North Liberty, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,351 (100%) |
| Owner Occupied HU | 6,204 (66.3%) |
| Renter Occupied HU | 2,754 (29.5%) |
| Vacant Housing Units | 393 ( 4.2%) |
| Median Home Value | $356,391 |
| Average Home Value | $391,474 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,026
Multi-Family
1,542
Businesses
615
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Listed by: Chelsey Riggan • Urban Acres Real Estate
Mls Name: Iowa City Area AOR
Mls ID: #202600501