986 Dubs DrIowa CityIA52246
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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 986 Dubs Dr, Iowa City, IA, 52246 priced at $319,900 converts $2,550/mo rent into $284/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,550/mo, and annual cash flow totals $3,406/yr on $106,047 invested. Return on cash invested prints 23.12% in year one, and rental yield reads 9.57% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 121.23% and total cumulative return in cash sums $128,564. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,550/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$2,260 annually 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
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Listed by: David Vahle • Navigate Homes
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202400189
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.