144 Elm Ridge DrNorth LibertyIA52317
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 144 Elm Ridge Dr, North Liberty, IA, 52317 offers $943/mo rent that, after a $587/mo payment, leaves $164/mo cash flow. Total monthly income is $943/mo, and annual cash flow is $1,968/yr on $39,780 cash. Return on cash invested measures 24.86% in year one, and rental yield stands at 9.43% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 129.76% and total cumulative return in cash reaches $51,619. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $943/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1995
N/A lot
$N/A/sqft
No 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: Rebecca Phipps • Urban Acres Real Estate
Mls Name: Iowa City Area AOR
Mls ID: #202600005