1623 Clifford LnIowa CityIA52240
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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 Iowa City at 1623 Clifford Ln, Iowa City, IA, 52240 earns $1,046/mo cash flow from $3,186/mo rent with a $1,613/mo payment. Total monthly income totals $3,186/mo, and annual cash flow totals $12,550/yr on $109,229 capital. ROI tracks 31.4% on current figures, and rental yield reads 11.6% at a $329,500 purchase. Equity gained on principal adds $2,126/yr, and 5% annual appreciation supports $91,035 over five years. Five-year ROI reaches 164.85% and total cumulative return in cash sums $180,070. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,186/mo property income instead of your personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52240, Iowa City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,775 (100%) |
| Owner Occupied HU | 7,727 (43.5%) |
| Renter Occupied HU | 8,334 (46.9%) |
| Vacant Housing Units | 1,714 ( 9.6%) |
| Median Home Value | $272,152 |
| Average Home Value | $318,955 |
Housing Distribution
Address Breakdown
Residential
16,235
Single Family
10,644
Multi-Family
5,591
Businesses
1,308
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