408 Westside DrIowa CityIA52246
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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 Iowa City at 408 Westside Dr, Iowa City, IA, 52246 with 5% annual appreciation on a $192,900 basis while $1,453/mo rent supports operations. Total monthly income totals $1,453/mo and a $944/mo payment preserves $200/mo for cash returns. Annual cash flow comes to $2,404/yr on $63,946 deployed, and return on cash invested reaches 23.67% in year one. Equity gained on principal adds $1,245/yr, and five-year appreciation sums $53,295 alongside rental yield of 9.04%. Five-year ROI measures 123.44% and total cumulative return in cash totals $78,935.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,453/mo property income versus a $944/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52246, Iowa City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,176 (100%) |
| Owner Occupied HU | 4,491 (40.2%) |
| Renter Occupied HU | 5,831 (52.2%) |
| Vacant Housing Units | 854 ( 7.6%) |
| Median Home Value | $358,257 |
| Average Home Value | $409,004 |
Housing Distribution
Address Breakdown
Residential
10,652
Single Family
6,750
Multi-Family
3,902
Businesses
346
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