1512 1st Ave #C104SCoralvilleIA52241
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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 Coralville at 1512 1st Ave #C104S, Coralville, IA, 52241 uses $51,383 cash to close to unlock $2,796/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $1,240/mo, and a $759/mo payment keeps the spread at $233/mo. Purchase price stands at $155,000, and rental yield measures 9.6% with $1,240/mo rent. Return on cash invested shows 25.35% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 132.4% and total cumulative return in cash records $68,032. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,240/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52241, Coralville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,374 (100%) |
| Owner Occupied HU | 5,016 (44.1%) |
| Renter Occupied HU | 5,403 (47.5%) |
| Vacant Housing Units | 955 ( 8.4%) |
| Median Home Value | $323,538 |
| Average Home Value | $376,400 |
Housing Distribution
Address Breakdown
Residential
11,183
Single Family
7,185
Multi-Family
3,998
Businesses
1,149
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Listed by: Bresa Chaudhry • Ruhl&Ruhl, Realtors
Mls Name: Iowa City Area AOR
Mls ID: #202503008