940 23rd Ave APT ECoralvilleIA52241
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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 940 23rd Ave APT E, Coralville, IA, 52241 generates $1,760/mo in rent and, after a $1,100/mo payment, leaves $165/mo in cash flow. Total monthly income is $1,760/mo, and annual cash flow is $1,986/yr on $74,488 invested. Return on cash invested sits at 22.57% in year one, and rental yield is 9.4% on a $224,700 entry. Equity gained on principal adds $1,450/yr, while 5% annual appreciation builds toward $62,080 over five years. Five-year ROI reaches 118.36% and total cumulative return in cash sums $88,163. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,760/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
$135 monthly 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: N/A • N/A
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