4 South Ridge Ct · Coralville, IA 52241

$245,000

3 bd · 2.0 ba · 1,614 sqft · SingleFamily public records · 9 Days on market

Built 1984 9,583 sqft lot

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Cash flow +6.9/30.0
• Schools +5.7/10.0
• Livability +4.5/5.0
• Rent growth +4.0/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• DSCR +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fantastic LOCATION!! Beautiful multi-level home tucked in a low-traffic cul-de-sac with wonderful fenced in yard for your family and pets, ready for quick possession! Perfect for homeowners looking for a great neighborhood and value! Two spacious living areas offering incredible flexibility, easily customize the second space into a cozy home office, playroom, or reading room. A cozy corner wood burning fireplace add more warmth and ambiance in the winter months. The upper level features three spacious bedrooms with plenty of closet and living space. Recent updates include: New LVP flooring (2025), a new furnace coil replacement (2024), a newer roof (2017), and a newer water heater (2016). Bonus: Water softener is owned and stays with the home! With no HOA fees, this home is within walking distance to parks and the bus line, and just a short drive to Coral Ridge Mall, the hospitals, and the university.

Key facts

• Recent updates
• Water softener
• Cul-de-sac

Tags

• CUL-DE-SAC
• FENCED IN YARD
• MULTI-LEVEL HOME
• TWO SPACIOUS LIVING AREAS
• RECENT UPDATES
• WATER SOFTENER

Property features AI

Finance

• Other: Directions: From Holiday Rd, turn South onto South Ridge Dr, left onto South Ridge Ct
• HOA & community: Annual association fee; Subdivision: North Ridge

Exterior

• Parking: Attached garage (1 parking space total)
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Residential property; Zero-lot configuration
• Construction: Vinyl siding on frame construction
• Exterior features: Deck; Park, sidewalks and street lights in the community

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Gas/Range or Stove not specified
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Vaulted ceilings; Double-pane windows; Wood-burning fireplace in the family room; Finished partial basement with concrete construction
• Laundry & utility: Washer; Dryer; Laundry room in basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $-371 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $179k (26.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $171k (30.4% below list).
• Recommended offer: $171k (30.4% below list) — sets the bar for 1% rule.
• Cap rate 4.5% vs local median 2.1% in Coralville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 90/100 on livability (#5 in IA, #89 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: amenities C-.
• Iowa City Community School District (urban): math 65% / reading 70% proficiency, ranked #174 of 289 in IA (top 60%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Central Elementary School (math 57% / reading 60%, grade B-, #432 of 616 statewide, top 71%, 485 students, 53% FRL); Northwest Junior High School (math 64% / reading 71%, grade A-, #133 of 246 statewide, top 56%, 730 students, 43% FRL); West Senior High School (math 71% / reading 77%, grade B+, #103 of 336 statewide, top 32%, 1,503 students, 38% FRL) — zoned schools average 45% FRL vs 30% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+6.1%/yr); 377 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 714 units permitted in Johnson County in 2024 (158 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Johnson County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $178k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $170,557 (30.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.70% ✗
• Cap rate: 4.48%
• Cash-on-cash: -6.49%
• DSCR: 0.71
• GRM: 12.0

CMA / ARV

• ARV (median comp): $804,290
• List price: $245,000
• Delta: -85.71%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1449 Walker Way	0.07mi	3/2.5	1,599 (-1%)	4mo	$330,000	$206	90
1808 Lynncrest Dr	0.33mi	3/2.0	1,618 (+0%)	2mo	$238,000	$147	83
2050 South Ridge Dr	0.11mi	3/2.0	1,706 (+6%)	7mo	$220,000	$129	80
2017 S Ridge Dr	0.24mi	3/1.5	1,660 (+3%)	4mo	$225,000	$136	79
2265 14th St	0.41mi	3/2.0	1,606 (-0%)	2mo	$227,000	$141	78
1951 South Rdg	0.29mi	3/2.0	1,773 (+10%)	4mo	$225,000	$127	66
1103 22nd Ave	0.39mi	3/2.5	1,747 (+8%)	0mo	$262,000	$150	66
2003 9th Street Pl	0.63mi	3/1.5	1,614 (0%)	6mo	$240,000	$149	64
1428 Kodiak Ct	0.36mi	3/2.0	1,824 (+13%)	0mo	$258,500	$142	61
1726 12th Ave	0.37mi	2/1.5 (-1)	1,764 (+9%)	0mo	$182,000	$103	60
2231 14th St	0.35mi	3/2.5	1,856 (+15%)	1mo	$270,000	$145	56
1906 Generry Dr	0.44mi	3/2.5	1,827 (+13%)	4mo	$355,000	$194	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.14% rent growth · sell at horizon

5-year hold

• IRR: -24.0%
• Equity multiple: 0.16×
• Total profit: $-57,719
• Equity at exit: $36,530

10-year hold

• IRR: -12.2%
• Equity multiple: 0.18×
• Total profit: $-56,179
• Equity at exit: $21,183

Cash invested: $68,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Iowa: 83 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; mostly landlord-friendly statewide.

Methodology + full state rankings →

ZIP-level market 52241

• Rents YoY: 6.1%
• Active inventory: 377
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $1,706 medium
• Mortgage (P&I): −$1,285
• Tax from tax record: −$331 /mo · $3,976/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $-371

Break-even live

Break-even rent $2,175

Max offer price $179,493

Occupancy floor —

Sensitivity live

Price	-10% $-232	-5% $-301	+0% $-371	+5% $-440	+10% $-510
Rent	-10% $-506	-5% $-438	+0% $-371	+5% $-303	+10% $-236
Rate	-1.0pp $-247	-0.5pp $-309	base $-371	+0.5pp $-434	+1.0pp $-499

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2010 10th St #8 Coralville, IA	3.0	1.5	1320	$1,650	$1.25	23d	1	0.50mi
2010 10th St Coralville, IA	3.0	1.5	1320	$1,650	$1.25	15d	1	0.51mi
1705 2nd St Unit A Coralville, IA	2.0	2.0	1207	$1,650	$1.37	45d	1	1.12mi
2 Russell Slade Blvd Coralville, IA	2.0	2.0	1241	$2,250	$1.81	15d	1	1.19mi

Listing history 18 events

1. 2026-06-22
   days on market $245,000 Active 9 DOM
2. 2026-06-19
   days on market $245,000 Active 7 DOM
3. 2026-06-18
   days on market $245,000 Active 6 DOM
4. 2026-06-17
   days on market $245,000 Active 5 DOM
5. 2026-06-16
   days on market $245,000 Active 4 DOM
6. 2026-06-15
   days on market $245,000 Active 3 DOM
7. 2026-06-13
   remarks 699-char remark
8. 2026-06-13
   pricedays on marketlisting id $245,000 Active 1 DOM
9. 2026-06-10
   days on market $114,900 Active 335 DOM
10. 2026-06-09
    days on market $114,900 Active 334 DOM
11. 2026-06-08
    days on market $114,900 Active 333 DOM
12. 2026-06-07
    days on market $114,900 Active 332 DOM
13. 2026-06-05
    days on market $114,900 Active 329 DOM
14. 2026-06-03
    days on market $114,900 Active 328 DOM
15. 2026-06-02
    days on market $114,900 Active 327 DOM
16. 2026-06-01
    days on market $114,900 Active 326 DOM
17. 2026-05-31
    days on market $114,900 Active 325 DOM
18. 2026-05-30
    days on market $114,900 Active 324 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IA · Partial reset (capped growth)

• Current annual tax: $3,976 · $331/mo
• Projected year-2 tax: $3,976 · $331/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,467
• − Mortgage interest: −$13,724
• − Property taxes: −$3,976
• − Insurance: −$1,225
• − Repairs & maintenance: −$1,637
• − Management: −$1,637
• − Depreciation: −$7,127
• Taxable loss: −$8,860
• Est. tax savings @ 24.0%: +$2,126
• After-tax cash flow: $-2,323/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Iowa City Community School District
• NCES district ID: 1914700
• Math proficiency: 65% ▼ -6.00%
• Reading proficiency: 70% ▲ 2.00%
• Median HH income: $50,229
• Composite: 57.3/100
• National rank: #1088
• State rank: #174 of 289 in IA

Livability — Coralville

• Score: 90/100
• State rank: #5
• US rank: #89

Category grades

Amenities C- Commute A+ Cost of living A Crime B+ Employment A+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coralville, IA
• County: Johnson County · 132,710 people
• City population: 23,250
• Metro: Iowa City, IA
• Population (ZIP): 23,250
• Household income: $69,243
• Rent vs Own: 44.0% rent · 56.0% own
• Severe rent burden: 1220.0

Population outlook (Johnson County) Hauer SSP2

• Today (2025): 180,405 people
• By 2030: 200,014 · +10.9%
• By 2040: 241,428 · +33.8%
• By 2050: 288,144 · +59.7%
• By 2075: 420,009 · +132.8%
• By 2100: 546,596 · +203.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 64% Black 15% Asian 10% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Portuguese 3% Ukrainian 3% Slovak 2%
• Foreign-born: 16% · China, Canada, South Korea
• Languages at home: 78% English-only · Chinese 4% Spanish 4% Other Indo-European 4%

Political lean MEDSL · Johnson

• 2024 margin: Solid D (+38.1) · D 68.4% · R 30.3% · Other 1.3%
• 2008→2024 swing: -3.4pp toward R · 2008: 41.5pp · 2024: 38.1pp
• All cycles: 2024: D+38.1 2020: D+43.2 2016: D+38.3 2012: D+35.4 2008: D+41.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.15%
• Current HPI: 154.7424
• Rent YoY: ▲ 6.14%
• Metro: Iowa City, IA
• State GDP YoY: ▲ 2.48%
• F500 in state: 4

Industry mix (Fortune 500 HQ in IA)

Industry	F500 HQs	Revenue
▸Financial Services	1	$16B
▸Retail / Convenience	1	$15B

Price history

+82.2% since first listed

10 events — show timeline

• 2026-06-12 Listed $245,000 CRAAR, CDRMLS
• 2026-06-12 Listed $245,000 ICAARMLS
• 2025-07-24 Listed $114,900 CRAAR, CDRMLS
• 2025-07-10 Listed $114,900 ICAARMLS
• 2024-04-05 Price Changed $178,000 ICAARMLS
• 2019-04-17 Sold (Public Records) $178,000 Public Records
• 2019-04-15 Sold (MLS) $178,000 ICAARMLS
• 2019-04-01 Price Changed $186,750 ICAARMLS
• 2019-02-16 Listed $186,750 ICAARMLS
• 2009-08-10 Sold (Public Records) $134,500 Public Records

Property tax history

+4.4%/yr

Latest (2025): $3,976 · +3.2% YoY. Source: county tax records.