4662 Preston LnIowa 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
Rental property for sale in Iowa City at 4662 Preston Ln, Iowa City, IA, 52246 generates $4,133/mo in rent and, after a $2,785/mo payment, leaves $429/mo in cash flow. Total monthly income is $4,133/mo, and annual cash flow is $5,151/yr on $187,201 invested. Return on cash invested sits at 22.81% in year one, and rental yield is 8.72% on a $569,000 entry. Equity gained on principal adds $3,672/yr, while 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 118.81% and total cumulative return in cash sums $222,419. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,133/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
10,454 sqft lot
$N/A/sqft
$100 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: David Vahle • Navigate Homes
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202500169
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.