830 Elliott 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
Rental property for sale in Iowa City at 830 Elliott Ct, Iowa City, IA, 52246 priced at $450,000 converts $3,406/mo rent into $483/mo cash flow after a $2,203/mo obligation. Total monthly income equals $3,406/mo, and annual cash flow totals $5,796/yr on $149,175 invested. Return on cash invested prints 23.79% in year one, and rental yield reads 9.08% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 124.06% and total cumulative return in cash sums $185,070. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,406/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1991
0.32 Acres 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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