2040 Holiday Rd APT B1CoralvilleIA52241
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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 Coralville at 2040 Holiday Rd APT B1, Coralville, IA, 52241 offers a 10.44% rental yield on a $160,000 purchase with $1,392/mo rent. Total monthly income registers $1,392/mo, and a $783/mo payment leaves $353/mo available for distribution. Annual cash flow reaches $4,236/yr on $53,040 to close, and return on cash invested stands at 27.9% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 146.04% and total cumulative return in cash at $77,462. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,392/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A 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
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Listed by: Emily Hammes • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls ID: #202505132