1784 Park Ridge DrCoralvilleIA52241
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1784 Park Ridge Dr, Coralville, IA, 52241 in Coralville: $3,109/mo in rent, $885/mo net, 10.89% gross yield, all on a $342,500 acquisition. The 2.02 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $94,626 in value, and $3,154/yr in principal paydown steadily builds equity. Projected total cumulative return: $187,252.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 7.1% |
| Monthly Cash Flow | $885 | $450 |
City averages based on Coralville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,109 |
| Total Monthly Debt Service | $2,088 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1995
0.31 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1995
0.31 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Iowa City Area AOR
Mls ID: #202507217