901 2nd Ave #201Iowa CityIA52240
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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
Total monthly income runs $3,703/mo, and a $4,650/mo payment. Purchase price stands at $950,000, and rental yield measures 4.68% with $3,703/mo rent. Return on cash invested shows 8.97% in year one, and 5% annual appreciation builds toward $262,467 over five years. Five-year ROI reaches 45.14% and total cumulative return in cash records $141,098. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,703/mo property income covering a $4,650/mo payment rather than investor’s personal income.
Condo
Built in 2015
N/A lot
$N/A/sqft
$5,052 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52240, Iowa City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,775 (100%) |
| Owner Occupied HU | 7,727 (43.5%) |
| Renter Occupied HU | 8,334 (46.9%) |
| Vacant Housing Units | 1,714 ( 9.6%) |
| Median Home Value | $272,152 |
| Average Home Value | $318,955 |
Housing Distribution
Address Breakdown
Residential
16,235
Single Family
10,644
Multi-Family
5,591
Businesses
1,308
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Listed by: Jill Armstrong • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406466
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.