416 S Dodge StIowa CityIA52240
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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 Iowa City at 416 S Dodge St, Iowa City, IA, 52240 priced at $589,000 pairs $1,625/mo rent with after a $2,883/mo payment. Total monthly income equals $1,625/mo. Return on cash invested is 6.43% in year one, and rental yield stands at 3.31% on a $589,000 basis. Equity gained on principal adds $3,801/yr, and 5% annual appreciation accumulates to $162,730 by year five. Five-year ROI measures 30.96% and total cumulative return in cash reaches $60,002. For financing, Ziffy Mortgage’s DSCR program evaluates $1,625/mo property income against a $2,883/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
7,950 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52240, Iowa City, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
16,235
Single Family
10,644
Multi-Family
5,591
Businesses
1,308
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Listed by: Bond Shymansky • Skogman Realty Co.
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202403714
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.