1204 Ashley 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
Rental property for sale in Iowa City at 1204 Ashley Dr, Iowa City, IA, 52246 offers $2,970/mo rent that, after a $2,202/mo payment, leaves $17/mo cash flow. Total monthly income is $2,970/mo, and annual cash flow is $204/yr on $149,142 cash. Return on cash invested measures 20.05% in year one, and rental yield stands at 7.92% at a $449,900 entry. Equity gained on principal adds $2,903/yr while 5% annual appreciation compounds into $124,299 by year five. Five-year ROI records 104.1% and total cumulative return in cash reaches $155,254. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,970/mo property income versus a $2,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.64 Acres lot
$N/A/sqft
No 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: Jason Heinz • Smith Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326340
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.