830 Newton RdIowa CityIA52246
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newton Rd, Iowa City, IA, 52246 offers $1,606/mo rent that, after a $1,842/mo payment. Total monthly income is $1,606/mo. Return on cash invested measures 11.07% in year one, and rental yield stands at 5.12% at a $376,410 entry. Equity gained on principal adds $2,429/yr while 5% annual appreciation compounds into $103,995 by year five. Five-year ROI records 56.12% and total cumulative return in cash reaches $70,022. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,606/mo property income versus a $1,842/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in 1938
0.29 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices