280 E Dovetail DrCoralvilleIA52241
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 280 E Dovetail Dr, Coralville, IA, 52241 in Coralville is narrow, $132/mo net on $2,508/mo rent after the $1,483/mo debt service, but the property operates at break-even-plus, not a loss. At $329,900 with a 9.12% yield, the long-run equity case via 5% appreciation ($91,145 over five years) and $3,038/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.69 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $149,131.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.1% |
| Monthly Cash Flow | $132 | $450 |
City averages based on Coralville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,508 |
| Total Monthly Debt Service | $2,011 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2000
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2000
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gwen Johnson • Skogman Realty Co.
Mls Name: Iowa City Area AOR
Mls ID: #202600175