1722 Algonquin RdIowa CityIA52245
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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 1722 Algonquin Rd, Iowa City, IA, 52245 uses $71,902 cash to close to unlock $5,064/yr annual cash flow and $422/mo monthly cash flow. Total monthly income runs $1,831/mo, and a $1,062/mo payment keeps the spread at $422/mo. Purchase price stands at $216,900, and rental yield measures 10.13% with $1,831/mo rent. Return on cash invested shows 26.95% in year one, and 5% annual appreciation builds toward $59,925 over five years. Five-year ROI reaches 140.99% and total cumulative return in cash records $101,374. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,831/mo property income covering a $1,062/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52245, Iowa City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,635 (100%) |
| Owner Occupied HU | 6,029 (56.7%) |
| Renter Occupied HU | 3,808 (35.8%) |
| Vacant Housing Units | 798 ( 7.5%) |
| Median Home Value | $334,877 |
| Average Home Value | $373,131 |
Housing Distribution
Address Breakdown
Residential
9,923
Single Family
8,092
Multi-Family
1,831
Businesses
287
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