809 Duchess DrSolonIA52333
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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 Solon at 809 Duchess Dr, Solon, IA, 52333 offers $1,596/mo rent that, after a $1,160/mo payment. Total monthly income is $1,596/mo. Return on cash invested measures 18.41% in year one, and rental yield stands at 8.08% at a $237,000 entry. Equity gained on principal adds $1,529/yr while 5% annual appreciation compounds into $65,479 by year five. Five-year ROI records 96.07% and total cumulative return in cash reaches $75,476. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,596/mo property income versus a $1,160/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2009
N/A lot
$N/A/sqft
$1,860 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52333, Solon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,033 (100%) |
| Owner Occupied HU | 2,525 (83.3%) |
| Renter Occupied HU | 345 (11.4%) |
| Vacant Housing Units | 163 ( 5.4%) |
| Median Home Value | $386,995 |
| Average Home Value | $538,050 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,840
Multi-Family
74
Businesses
179
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Listed by: Christy Sands • Edge Realty Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202501675
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.