144 Towne Centre DrUrbanaIA52345
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 144 Towne Centre Dr, Urbana, IA, 52345 in Urbana is straightforward: $270,000 in, $2,243/mo in rent, $489/mo out after debt service. The 9.97% gross yield and 1.85 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $74,596 by year five. With $2,487/yr in principal equity, the total cumulative return is projected at $134,249.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.0% |
| Monthly Cash Flow | $489 | $300 |
City averages based on Urbana market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,243 |
| Total Monthly Debt Service | $1,646 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Mathison • Realty87
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2401267
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.