865 Summit CtCoralvilleIA52241
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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 Coralville at 865 Summit Ct, Coralville, IA, 52241 priced at $349,000 converts $2,918/mo rent into $652/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,918/mo, and annual cash flow totals $7,819/yr on $115,694 invested. Return on cash invested prints 26.67% in year one, and rental yield reads 10.03% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 139.49% and total cumulative return in cash sums $161,376. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,918/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 2022
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52241, Coralville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,374 (100%) |
| Owner Occupied HU | 5,016 (44.1%) |
| Renter Occupied HU | 5,403 (47.5%) |
| Vacant Housing Units | 955 ( 8.4%) |
| Median Home Value | $323,538 |
| Average Home Value | $376,400 |
Housing Distribution
Address Breakdown
Residential
11,183
Single Family
7,185
Multi-Family
3,998
Businesses
1,149
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Listed by: Brandon Thomas • Keller Williams Legacy Group
Mls Name: Iowa City Area AOR
Mls ID: #202506628