4432 Luke Dr, Iowa City, IA, 52246 | $1,247/mo Cash Flow

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4432 Luke Dr, Iowa City, IA, 52246 | $1,247/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Iowa City at 4432 Luke Dr, Iowa City, IA, 52246 offers a 10.91% rental yield on a $479,500 purchase with $4,361/mo rent. Total monthly income registers $4,361/mo, and a $2,347/mo payment leaves $1,247/mo available for distribution. Annual cash flow reaches $14,962/yr on $158,954 to close, and return on cash invested stands at 29.32% in year one. Equity gained on principal adds $3,094/yr while 5% annual appreciation supports $132,477 over five years. Portfolio math shows five-year ROI at 153.71% and total cumulative return in cash at $244,336. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,361/mo property income against a $2,347/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2020

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this move-in ready ranch in a convenient Iowa City location off Rohret close to Weber Elementary with quick access to U of I, UIHC any many close-in amenities. The main floor has just been refreshed with paint and carpet. An open living area with vaulted ceilings and a gas fireplace creates a comfortable space for both everyday living and entertaining. The kitchen features granite countertops, stainless appliances, and a large breakfast bar that connects seamlessly to the dining area and screened porch with grilling deck. The primary suite includes a tray ceiling, walk-in closet, bonus room that could be utilized as an office or second walk-in closet and private bath with double vanity sinks and walk-in shower. Two additional bedrooms, a full bath, and laundry are also on the main level. The walk-out lower level offers a spacious family/rec room with wet bar, fourth and fifth bedroom, full bath, and plenty of storage. Outside, enjoy the patio walking out to the fenced backyard. A 3-stall garage and stylish finishes throughout complete the package.

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