1023 Doubletree Ct NECedar RapidsIA52402
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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 Rapids at 1023 Doubletree Ct NE, Cedar Rapids, IA, 52402 at $203,000 posts ROI 28.62% with $489/mo cash flow from $2,108/mo rent. Total monthly income equals $2,108/mo, and annual cash flow records $5,865/yr on $67,295 to close. Return on cash invested measures 28.62% and rental yield reads 12.46% at the current $203,000. Equity gained on principal adds $1,310/yr, and 5% annual appreciation supports $56,085 by year five. Five-year ROI prints 151.93% and total cumulative return in cash totals $102,242.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,108/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1999
N/A lot
$N/A/sqft
$3,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,282 (100%) |
| Owner Occupied HU | 11,711 (60.7%) |
| Renter Occupied HU | 6,275 (32.5%) |
| Vacant Housing Units | 1,296 ( 6.7%) |
| Median Home Value | $208,064 |
| Average Home Value | $237,802 |
Housing Distribution
Address Breakdown
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
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Listed by: Jesse Grade • Skogman Realty Co.
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503157
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.