1002 Norwood Dr SECedar RapidsIA52403
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Cedar Rapids at 1002 Norwood Dr SE, Cedar Rapids, IA, 52403 at $194,800 posts ROI 30.01% with $543/mo cash flow from $1,808/mo rent. Total monthly income equals $1,808/mo, and annual cash flow records $6,520/yr on $64,576 to close. Return on cash invested measures 30.01% and rental yield reads 11.14% at the current $194,800. Equity gained on principal adds $1,257/yr, and 5% annual appreciation supports $53,820 by year five. Five-year ROI prints 157.44% and total cumulative return in cash totals $101,671.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,808/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
9,656 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52403, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,261 (100%) |
| Owner Occupied HU | 7,355 (65.3%) |
| Renter Occupied HU | 2,954 (26.2%) |
| Vacant Housing Units | 952 ( 8.5%) |
| Median Home Value | $240,295 |
| Average Home Value | $311,384 |
Housing Distribution
Address Breakdown
Residential
10,390
Single Family
8,523
Multi-Family
1,867
Businesses
288
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Nearby investment properties with comparable prices
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