824 E Market 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 824 E Market St, Iowa City, IA, 52245 priced at $255,000 converts $1,804/mo rent into $148/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,804/mo, and annual cash flow totals $1,776/yr on $84,533 invested. Return on cash invested prints 22.01% in year one, and rental yield reads 8.49% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 114.48% and total cumulative return in cash sums $96,776. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,804/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1903
N/A 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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