1238 Michelle CtIowa CityIA52240
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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 1238 Michelle Ct, Iowa City, IA, 52240 uses $104,423 cash to close to unlock $13,492/yr annual cash flow and $1,124/mo monthly cash flow. Total monthly income runs $3,202/mo, and a $1,542/mo payment keeps the spread at $1,124/mo. Purchase price stands at $315,000, and rental yield measures 12.2% with $3,202/mo rent. Return on cash invested shows 32.83% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 172.68% and total cumulative return in cash records $180,317. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,202/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.35 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52240, Iowa City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,775 (100%) |
| Owner Occupied HU | 7,727 (43.5%) |
| Renter Occupied HU | 8,334 (46.9%) |
| Vacant Housing Units | 1,714 ( 9.6%) |
| Median Home Value | $272,152 |
| Average Home Value | $318,955 |
Housing Distribution
Address Breakdown
Residential
16,235
Single Family
10,644
Multi-Family
5,591
Businesses
1,308
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Listed by: Taylor Blazek • Urban Acres Real Estate
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503786
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.