1302 Maplewood Dr 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 1302 Maplewood Dr NE, Cedar Rapids, IA, 52402 uses $51,548 cash to close to unlock $866/yr annual cash flow and $72/mo monthly cash flow. Total monthly income runs $1,082/mo, and a $761/mo payment keeps the spread at $72/mo. Purchase price stands at $155,500, and rental yield measures 8.35% with $1,082/mo rent. Return on cash invested shows 21.59% in year one, and 5% annual appreciation builds toward $42,962 over five years. Five-year ROI reaches 112.35% and total cumulative return in cash records $57,917. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,082/mo property income covering a $761/mo payment rather than investor’s personal income.
Single Family
Built in 1937
0.31 Acres lot
$N/A/sqft
No 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: Bri Loeffler • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504034
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.