54 Norwich CtIowa 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
Investment property for sale in Iowa City at 54 Norwich Ct, Iowa City, IA, 52245 at $1,195,000 posts ROI 13% with from $5,407/mo rent. Total monthly income equals $5,407/mo. Return on cash invested measures 13% and rental yield reads 5.43% at the current $1,195,000. Equity gained on principal adds $7,711/yr, and 5% annual appreciation supports $330,156 by year five. Five-year ROI prints 66.16% and total cumulative return in cash totals $256,142. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,407/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
0.30 Acres lot
$N/A/sqft
$275 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: Teague Case • Westwinds Real Estate Services, Inc.
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202403836
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.