40 Elm Ridge DrNorth LibertyIA52317
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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
Rental property for sale in North Liberty at 40 Elm Ridge Dr, North Liberty, IA, 52317 generates $1,698/mo in rent and, after a $1,101/mo payment, leaves $237/mo in cash flow. Total monthly income is $1,698/mo, and annual cash flow is $2,844/yr on $74,588 invested. Return on cash invested sits at 23.72% in year one, and rental yield is 9.06% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 123.67% and total cumulative return in cash sums $92,241. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,698/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
8,276 sqft lot
$N/A/sqft
No 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
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Listed by: Mark Signs • Ruhl&Ruhl, Realtors
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503757
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.