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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Iowa City at 454 W Side Dr, Iowa City, IA, 52246 priced at $195,000 converts $1,750/mo rent into $484/mo cash flow after a $954/mo obligation. Total monthly income equals $1,750/mo, and annual cash flow totals $5,808/yr on $64,643 invested. Return on cash invested prints 28.89% in year one, and rental yield reads 10.77% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 151.4% and total cumulative return in cash sums $97,870. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,750/mo property income covering a $954/mo payment, not borrower’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52246, Iowa City, IA area.
| 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 |
Residential
10,652
Single Family
6,750
Multi-Family
3,902
Businesses
346
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Paul Ellis • RE/MAX Affiliates
Mls Name: Iowa City Area AOR
Mls ID: #202507368
