2620 Pinto LnIowa 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
Investment property for sale in Iowa City at 2620 Pinto Ln, Iowa City, IA, 52240 uses $69,615 cash to close to unlock $1,584/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $1,496/mo, and a $1,028/mo payment keeps the spread at $132/mo. Purchase price stands at $210,000, and rental yield measures 8.55% with $1,496/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 115.45% and total cumulative return in cash records $80,368. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,496/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 2012
3,049 sqft 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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