421 Samoa 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 421 Samoa Dr, Iowa City, IA, 52246 earns $603/mo cash flow from $1,846/mo rent with a $768/mo payment. Total monthly income totals $1,846/mo, and annual cash flow totals $7,236/yr on $52,046 capital. ROI tracks 33.81% on current figures, and rental yield reads 14.11% at a $157,000 purchase. Equity gained on principal adds $1,013/yr, and 5% annual appreciation supports $43,376 over five years. Five-year ROI reaches 179.65% and total cumulative return in cash sums $93,500. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,846/mo property income instead of your personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
$2,400 annually 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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Listed by: Monica Hayes • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202405259
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.