304 3rd St SCoggonIA52218
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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 Coggon at 304 3rd St S, Coggon, IA, 52218 listed at $145,500 pairs $2,059/mo rent with a $712/mo payment to leave $1,114/mo cash flow. Total monthly income runs $2,059/mo, and annual cash flow reaches $13,370/yr on $48,233 cash to close. Return on cash invested measures 47.63% in year one, and rental yield registers 16.98% at a $145,500 basis. Equity gained on principal adds $939/yr, and annual property appreciation at 5% supports $40,199 by year five. Five-year ROI tracks 251.99% and total cumulative return in cash totals $121,545. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,059/mo property income relative to a $712/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1985
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52218, Coggon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 800 (100%) |
| Owner Occupied HU | 614 (76.7%) |
| Renter Occupied HU | 110 (13.7%) |
| Vacant Housing Units | 76 ( 9.5%) |
| Median Home Value | $252,885 |
| Average Home Value | $355,464 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
548
Multi-Family
8
Businesses
25
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Listed by: Olivia Williams • Iowa Realty
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503872
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.