60 David Lee CtNorth LibertyIA52317
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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
Investment property for sale in North Liberty at 60 David Lee Ct, North Liberty, IA, 52317 with 5% annual appreciation on a $225,000 basis while $2,212/mo rent supports operations. Total monthly income totals $2,212/mo and a $1,101/mo payment preserves $751/mo for cash returns. Annual cash flow comes to $9,012/yr on $74,588 deployed, and return on cash invested reaches 31.99% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 11.8%. Five-year ROI measures 168.01% and total cumulative return in cash totals $125,313.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,212/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52317, North Liberty, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,351 (100%) |
| Owner Occupied HU | 6,204 (66.3%) |
| Renter Occupied HU | 2,754 (29.5%) |
| Vacant Housing Units | 393 ( 4.2%) |
| Median Home Value | $356,391 |
| Average Home Value | $391,474 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,026
Multi-Family
1,542
Businesses
615
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Listed by: Brooke Kauffman • Urban Acres Real Estate
Mls Name: Iowa City Area AOR
Mls ID: #202506882