109 Evelyn Dr SWCedar RapidsIA52404
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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 Cedar Rapids at 109 Evelyn Dr SW, Cedar Rapids, IA, 52404 priced at $275,000 converts $2,372/mo rent into $586/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,372/mo, and annual cash flow totals $7,032/yr on $91,163 invested. Return on cash invested prints 27.62% in year one, and rental yield reads 10.35% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 144.6% and total cumulative return in cash sums $131,819. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,372/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1960
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52404, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,968 (100%) |
| Owner Occupied HU | 11,682 (55.7%) |
| Renter Occupied HU | 7,536 (35.9%) |
| Vacant Housing Units | 1,750 ( 8.3%) |
| Median Home Value | $201,736 |
| Average Home Value | $240,149 |
Housing Distribution
Address Breakdown
Residential
19,505
Single Family
14,648
Multi-Family
4,857
Businesses
1,391
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Listed by: Cathy Hill, Crs • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls ID: #2508796