385 Canterbury StNorth LibertyIA52317
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 385 Canterbury St, North Liberty, IA, 52317 in North Liberty at $649,900 earns $4,262/mo in rent and nets $21/mo after the $2,922/mo payment, a 7.87% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $179,555 over five years. Ziffy Mortgage underwrites this on a 1.46 DSCR without U.S. credit history. With $5,986/yr in principal paydown, total projected return reaches $248,750.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 5.8% |
| Monthly Cash Flow | $21 | $420 |
City averages based on North Liberty market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,262 |
| Total Monthly Debt Service | $3,983 |
| DSCR Ratio | 1.07x |
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.
Single Family
Built in 2016
0.31 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52317, North Liberty, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,351 (100%) |
| Owner Occupied HU | 6,204 (66.3%) |
| Renter Occupied HU | 2,754 (29.5%) |
| Vacant Housing Units | 393 ( 4.2%) |
| Median Home Value | $356,391 |
| Average Home Value | $391,474 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,026
Multi-Family
1,542
Businesses
615
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
Single Family
Built in 2016
0.31 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52317, North Liberty, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,351 (100%) |
| Owner Occupied HU | 6,204 (66.3%) |
| Renter Occupied HU | 2,754 (29.5%) |
| Vacant Housing Units | 393 ( 4.2%) |
| Median Home Value | $356,391 |
| Average Home Value | $391,474 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,026
Multi-Family
1,542
Businesses
615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices