280 E Dovetail DrCoralvilleIA52241
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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 280 E Dovetail Dr, Coralville, IA, 52241 with 5% annual appreciation on a $329,900 basis while $2,508/mo rent supports operations. Total monthly income totals $2,508/mo and a $1,615/mo payment preserves $365/mo for cash returns. Annual cash flow comes to $4,382/yr on $109,362 deployed, and return on cash invested reaches 23.92% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,145 alongside rental yield of 9.12%. Five-year ROI measures 124.77% and total cumulative return in cash totals $136,455.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,508/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
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Listed by: Gwen Johnson • Skogman Realty Co.
Mls Name: Iowa City Area AOR
Mls ID: #202600175