1385 E Tartan DrNorth LibertyIA52317
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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 North Liberty at 1385 E Tartan Dr, North Liberty, IA, 52317 priced at $576,419 converts $3,361/mo rent into after a $2,821/mo obligation. Total monthly income equals $3,361/mo. Return on cash invested prints 17.51% in year one, and rental yield reads 7% against a $576,419 entry. Equity gained on principal adds $3,720/yr, while 5% annual appreciation compiles into $159,254 by year five. Five-year ROI reaches 90.39% and total cumulative return in cash sums $171,408. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,361/mo property income covering a $2,821/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.31 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52317, North Liberty, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,351 (100%) |
| Owner Occupied HU | 6,204 (66.3%) |
| Renter Occupied HU | 2,754 (29.5%) |
| Vacant Housing Units | 393 ( 4.2%) |
| Median Home Value | $356,391 |
| Average Home Value | $391,474 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,026
Multi-Family
1,542
Businesses
615
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Listed by: David Moore • Ruhl&Ruhl, Realtors
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502272
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.