2855 Coral Ct APT 202CoralvilleIA52241
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
Investment Highlights
Investment property for sale in Coralville at 2855 Coral Ct APT 202, Coralville, IA, 52241 uses $49,725 cash to close to unlock $5,856/yr annual cash flow and $488/mo monthly cash flow. Total monthly income runs $1,462/mo, and a $734/mo payment keeps the spread at $488/mo. Purchase price stands at $150,000, and rental yield measures 11.7% with $1,462/mo rent. Return on cash invested shows 31.69% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 166.38% and total cumulative return in cash records $82,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,462/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 2001
2.51 Acres 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: Mark Christianson • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls ID: #2508606