453 Windmill PlIowa CityIA52245
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 453 Windmill Pl, Iowa City, IA, 52245 generates $6,347/mo in rent and, after a $4,283/mo payment, leaves $495/mo in cash flow. Total monthly income is $6,347/mo, and annual cash flow is $5,940/yr on $287,875 invested. Return on cash invested sits at 22.12% in year one, and rental yield is 8.7% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 115.35% and total cumulative return in cash sums $332,075. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,347/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
8,712 sqft lot
$N/A/sqft
$120 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stevie Toomey • Blank & McCune Real Estate
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202505199
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.