1450 Tower Ln NECedar RapidsIA52402
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
Total monthly income runs $1,201/mo, and a $1,028/mo payment. Purchase price stands at $210,000, and rental yield measures 6.86% with $1,201/mo rent. Return on cash invested shows 17.1% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 88.18% and total cumulative return in cash records $61,384. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,201/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andi Miller • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls ID: #202503794