1291 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
Investment property for sale in Iowacity at 1291 Covered Wagon Dr, Iowacity, IA, 52240 offers a 7.54% rental yield on a $529,900 purchase with $3,329/mo rent. 23% in year one. Equity gained on principal adds $3,419/yr while 5% annual appreciation supports $146,402 over five years. Portfolio math shows five-year ROI at 99.57% and total cumulative return in cash at $173,591. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,329/mo property income against a $2,594/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$100 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: David Vahle • Navigate Homes
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202500180
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.