1636 Aspen CtNorthlibertyIA52317
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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
Rental property for sale in Northliberty at 1636 Aspen Ct, Northliberty, IA, 52317 priced at $312,500 converts $2,483/mo rent into $353/mo cash flow after a $1,530/mo obligation. Total monthly income equals $2,483/mo, and annual cash flow totals $4,236/yr on $103,594 invested. Return on cash invested prints 24% in year one, and rental yield reads 9.53% against a $312,500 entry. Equity gained on principal adds $2,017/yr, while 5% annual appreciation compiles into $86,338 by year five. Five-year ROI reaches 125.58% and total cumulative return in cash sums $130,092. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,483/mo property income covering a $1,530/mo payment, not borrower’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$1,200 annually 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: Mike Bails • Urban Acres Real Estate
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202405021
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.