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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Iowa City at 3131 Balfour Pl, Iowa City, IA, 52240 priced at $349,000 converts $2,399/mo rent into after a $1,708/mo obligation. Total monthly income equals $2,399/mo. Return on cash invested prints 17.91% in year one, and rental yield reads 8.25% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 93.78% and total cumulative return in cash sums $108,492. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,399/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
$3,900 annually HOA
Neighborhood data shown for ZIP Code: 52240, Iowa City, IA area.
| 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 |
Residential
16,235
Single Family
10,644
Multi-Family
5,591
Businesses
1,308
Date | Event | Price |
|---|---|---|
| 2025-03-06 | Listed for sale | $349,000 |
| 2011-10-25 | Sold | $170,000 |
| 2011-08-15 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-12 | $4740.97 | -0.09% | $259,040 | N/A |
| 2023-03-12 | $4745.43 | 4.66% | $259,040 | 18.32% |
| 2022-03-12 | $4534.19 | 2.17% | $218,940 | N/A |
Listed by: Deborah Mulford • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202501493
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.
