2618 Wolf WayCentral CityIA52214
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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 Central City at 2618 Wolf Way, Central City, IA, 52214 priced at $300,000 pairs $1,654/mo rent with after a $1,468/mo payment. Total monthly income equals $1,654/mo. Return on cash invested is 16.36% in year one, and rental yield stands at 6.62% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 84.21% and total cumulative return in cash reaches $83,748. For financing, Ziffy Mortgage’s DSCR program evaluates $1,654/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52214, Central City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 1,081 (74.7%) |
| Renter Occupied HU | 236 (16.3%) |
| Vacant Housing Units | 130 ( 9.0%) |
| Median Home Value | $283,036 |
| Average Home Value | $354,877 |
Housing Distribution
Address Breakdown
Residential
1,132
Single Family
1,093
Multi-Family
39
Businesses
67
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Listed by: Olivia Williams • Iowa Realty
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202406048
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.