1289 Covered Wagon DrIowacityIA52240
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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 Iowacity at 1289 Covered Wagon Dr, Iowacity, IA, 52240 priced at $529,900 pairs $4,578/mo rent with $1,136/mo cash flow after a $2,594/mo payment. Total monthly income equals $4,578/mo, and annual cash flow comes to $13,634/yr on $174,337 invested. Return on cash invested is 27.88% in year one, and rental yield stands at 10.37% on a $529,900 basis. Equity gained on principal adds $3,419/yr, and 5% annual appreciation accumulates to $146,402 by year five. Five-year ROI measures 145.98% and total cumulative return in cash reaches $254,495. For financing, Ziffy Mortgage’s DSCR program evaluates $4,578/mo property income against a $2,594/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
10,018 sqft lot
$N/A/sqft
No 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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