4719 Herbert Hoover HwyIowa CityIA52240
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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 4719 Herbert Hoover Hwy, Iowa City, IA, 52240 priced at $264,900 converts $1,843/mo rent into $122/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,843/mo, and annual cash flow totals $1,466/yr on $87,814 invested. Return on cash invested prints 21.58% in year one, and rental yield reads 8.35% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 112.24% and total cumulative return in cash sums $98,564. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,843/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Condo
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52240, Iowa City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,775 (100%) |
| Owner Occupied HU | 7,727 (43.5%) |
| Renter Occupied HU | 8,334 (46.9%) |
| Vacant Housing Units | 1,714 ( 9.6%) |
| Median Home Value | $272,152 |
| Average Home Value | $318,955 |
Housing Distribution
Address Breakdown
Residential
16,235
Single Family
10,644
Multi-Family
5,591
Businesses
1,308
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