420 Terrace RdIowa CityIA52245
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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 420 Terrace Rd, Iowa City, IA, 52245 uses $127,628 cash to close to unlock $3,792/yr annual cash flow and $316/mo monthly cash flow. Total monthly income runs $2,816/mo, and a $1,884/mo payment keeps the spread at $316/mo. Purchase price stands at $385,000, and rental yield measures 8.78% with $2,816/mo rent. Return on cash invested shows 22.88% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 119.16% and total cumulative return in cash records $152,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,816/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52245, Iowa City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,635 (100%) |
| Owner Occupied HU | 6,029 (56.7%) |
| Renter Occupied HU | 3,808 (35.8%) |
| Vacant Housing Units | 798 ( 7.5%) |
| Median Home Value | $334,877 |
| Average Home Value | $373,131 |
Housing Distribution
Address Breakdown
Residential
9,923
Single Family
8,092
Multi-Family
1,831
Businesses
287
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