524 N Governor StIowa CityIA52245
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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 524 N Governor St, Iowa City, IA, 52245 offers $2,018/mo rent that, after a $1,018/mo payment, leaves $605/mo cash flow. Total monthly income is $2,018/mo, and annual cash flow is $7,258/yr on $68,919 cash. Return on cash invested measures 30.44% in year one, and rental yield stands at 11.65% at a $207,900 entry. Equity gained on principal adds $1,342/yr while 5% annual appreciation compounds into $57,439 by year five. Five-year ROI records 160.12% and total cumulative return in cash reaches $110,356. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,018/mo property income versus a $1,018/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
10,497 sqft lot
$N/A/sqft
No 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
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