677 Maclan CtIowa 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
Investment property for sale in Iowa City at 677 Maclan Ct, Iowa City, IA, 52246 uses $179,272 cash to close to unlock $1,370/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $3,653/mo, and a $2,667/mo payment keeps the spread at $114/mo. Purchase price stands at $544,900, and rental yield measures 8.04% with $3,653/mo rent. Return on cash invested shows 20.82% in year one, and 5% annual appreciation builds toward $150,546 over five years. Five-year ROI reaches 108.14% and total cumulative return in cash records $193,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,653/mo property income covering a $2,667/mo payment rather than investor’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No 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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