1617 N Iowa AveWashingtonIA52353
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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 Washington at 1617 N Iowa Ave, Washington, IA, 52353 uses $97,793 cash to close to unlock $4,248/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $2,270/mo, and a $1,444/mo payment keeps the spread at $354/mo. Purchase price stands at $295,000, and rental yield measures 9.23% with $2,270/mo rent. Return on cash invested shows 24.25% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 126.53% and total cumulative return in cash records $123,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,270/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 2002
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52353, Washington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 2,697 (65.7%) |
| Renter Occupied HU | 1,115 (27.2%) |
| Vacant Housing Units | 294 ( 7.2%) |
| Median Home Value | $173,592 |
| Average Home Value | $231,948 |
Housing Distribution
Address Breakdown
Residential
3,946
Single Family
3,655
Multi-Family
291
Businesses
429
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Listed by: Junell Duwa • Edge Realty Group
Mls Name: Iowa City Area AOR
Mls ID: #202507166