1809 Deforest AveIowa 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
Rental property for sale in Iowa City at 1809 Deforest Ave, Iowa City, IA, 52240 generates $2,240/mo in rent and, after a $1,223/mo payment, leaves $617/mo in cash flow. Total monthly income is $2,240/mo, and annual cash flow is $7,406/yr on $82,842 invested. Return on cash invested sits at 28.85% in year one, and rental yield is 10.76% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 151.23% and total cumulative return in cash sums $125,282. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,240/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.28 Acres 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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