142 Towne Centre DrUrbanaIA52345
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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 Urbana at 142 Towne Centre Dr, Urbana, IA, 52345 offers $2,243/mo rent that, after a $1,302/mo payment, leaves $515/mo cash flow. Total monthly income is $2,243/mo, and annual cash flow is $6,185/yr on $88,179 cash. Return on cash invested measures 26.92% in year one, and rental yield stands at 10.12% at a $266,000 entry. Equity gained on principal adds $1,716/yr while 5% annual appreciation compounds into $73,491 by year five. Five-year ROI records 140.9% and total cumulative return in cash reaches $124,241. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,243/mo property income versus a $1,302/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52345, Urbana, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 578 (100%) |
| Owner Occupied HU | 497 (86.0%) |
| Renter Occupied HU | 56 ( 9.7%) |
| Vacant Housing Units | 25 ( 4.3%) |
| Median Home Value | $238,915 |
| Average Home Value | $301,826 |
Housing Distribution
Address Breakdown
Residential
472
Single Family
472
Multi-Family
0
Businesses
42
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Listed by: Karen Mathison • Realty87
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2401266
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.