1267 Covered Wagon DrIowa CityIA52245
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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 1267 Covered Wagon Dr, Iowa City, IA, 52245 offers a 11.44% rental yield on a $514,900 purchase with $4,909/mo rent. Total monthly income registers $4,909/mo, and a $2,520/mo payment leaves $1,557/mo available for distribution. Annual cash flow reaches $18,682/yr on $169,402 to close, and return on cash invested stands at 31.09% in year one. Equity gained on principal adds $3,323/yr while 5% annual appreciation supports $142,257 over five years. Portfolio math shows five-year ROI at 163.18% and total cumulative return in cash at $276,438. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,909/mo property income against a $2,520/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
8,276 sqft lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52245, Iowa City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,635 (100%) |
| Owner Occupied HU | 6,029 (56.7%) |
| Renter Occupied HU | 3,808 (35.8%) |
| Vacant Housing Units | 798 ( 7.5%) |
| Median Home Value | $334,877 |
| Average Home Value | $373,131 |
Housing Distribution
Address Breakdown
Residential
9,923
Single Family
8,092
Multi-Family
1,831
Businesses
287
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Listed by: David Vahle • Navigate Homes
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2507954
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.