1016 W 3rd StCedar FallsIA50613
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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
Investment property for sale in Cedar Falls at 1016 W 3rd St, Cedar Falls, IA, 50613 earns $95/mo cash flow from $1,374/mo rent with a $964/mo payment. Total monthly income totals $1,374/mo, and annual cash flow totals $1,138/yr on $65,306 capital. ROI tracks 21.65% on current figures, and rental yield reads 8.37% at a $197,000 purchase. Equity gained on principal adds $1,271/yr, and 5% annual appreciation supports $54,427 over five years. Five-year ROI reaches 112.59% and total cumulative return in cash sums $73,526. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,374/mo property income instead of your personal income.
Single Family
Built in 1937
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50613, Cedar Falls, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,347 (100%) |
| Owner Occupied HU | 11,369 (62.0%) |
| Renter Occupied HU | 5,634 (30.7%) |
| Vacant Housing Units | 1,344 ( 7.3%) |
| Median Home Value | $275,639 |
| Average Home Value | $297,427 |
Housing Distribution
Address Breakdown
Residential
17,984
Single Family
15,039
Multi-Family
2,945
Businesses
1,424
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Listed by: Cindy Gaffney • RE/MAX Concepts - Cedar Falls
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255713