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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 Solon at 400 E Main St #5, Solon, IA, 52333 generates $2,586/mo in rent, after a $2,447/mo payment. Total monthly income is $2,586/mo. Return on cash invested sits at 15.12% in year one, and rental yield is 6.21% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 77.6% and total cumulative return in cash sums $128,592. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,586/mo property income rather than buyer’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52333, Solon, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,033 (100%) |
| Owner Occupied HU | 2,525 (83.3%) |
| Renter Occupied HU | 345 (11.4%) |
| Vacant Housing Units | 163 ( 5.4%) |
| Median Home Value | $386,995 |
| Average Home Value | $538,050 |
Residential
2,914
Single Family
2,840
Multi-Family
74
Businesses
179
Date | Event | Price |
|---|---|---|
| 2025-03-13 | Listed for sale | $499,900 |
| 2024-02-25 | Listing removed | $499,900 |
| 2023-02-25 | Listed for sale | $499,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jerad Kilburg • Urban Acres Real Estate
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202501664
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.
