243 N Linn StIowa 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
Rental property for sale in Iowa City at 243 N Linn St, Iowa City, IA, 52245 priced at $311,100 pairs $1,943/mo rent with after a $1,523/mo payment. Total monthly income equals $1,943/mo. Return on cash invested is 18.28% in year one, and rental yield stands at 7.49% on a $311,100 basis. Equity gained on principal adds $2,007/yr, and 5% annual appreciation accumulates to $85,951 by year five. Five-year ROI measures 94.76% and total cumulative return in cash reaches $97,721. For financing, Ziffy Mortgage’s DSCR program evaluates $1,943/mo property income against a $1,523/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2013
479 sqft 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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