918 E Washington StIowa 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
Rental property for sale in Iowa City at 918 E Washington St, Iowa City, IA, 52240 priced at $406,820 converts $2,623/mo rent into after a $1,991/mo obligation. Total monthly income equals $2,623/mo. Return on cash invested prints 19.74% in year one, and rental yield reads 7.74% against a $406,820 entry. Equity gained on principal adds $2,625/yr, while 5% annual appreciation compiles into $112,397 by year five. Five-year ROI reaches 102.37% and total cumulative return in cash sums $138,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,623/mo property income covering a $1,991/mo payment, not borrower’s personal income.
Single Family
Built in 1926
6,969 sqft lot
$N/A/sqft
No 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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