1613 Whitters Way NW, Cedar Rapids, IA, 52405 | $65/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1613 Whitters Way NW, Cedar Rapids, IA, 52405 | $65/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cedar Rapids at 1613 Whitters Way NW, Cedar Rapids, IA, 52405 earns $65/mo cash flow from $2,338/mo rent with a $1,713/mo payment. Total monthly income totals $2,338/mo, and annual cash flow totals $782/yr on $115,992 capital. ROI tracks 20.58% on current figures, and rental yield reads 8.02% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 106.9% and total cumulative return in cash sums $123,990. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,338/mo property income instead of your personal income.

Single Family

Built in 1992

7,666 sqft lot

$N/A/sqft

No HOA

More details about the property

Tucked away in a quiet, wooded & friendly NW neighborhood is this updated and well maintained 3 bedroom, 3.5 bath, 2-story home that provides abundant space for everyone! With over 2752(+/-) finished square feet you will enjoy this terrific floor plan in this delightful updated home. The great room features wood flooring, gas fireplace flanked with bookcases and opens to the updated kitchen/dining area. The kitchen features newer quartz counter tops with waterfall edge on the breakfast bar, quartz backsplash, newer cabinets with pullout drawers, planning desk, appliances & slider door to the delightful screened-in porch with easy access to the deck & views of terrific manicured backyard. Adjacent to the kitchen is the front formal dining room, front living room, main floor laundry area with storage closet & half bath. The second level features three bedrooms including the spacious primary suite that features two closets, beautiful updated private bath with newer heated tile flooring, double sink vanity with quartz counter top with make-up station & large tiled walk-in shower with glass door. Additional living space can be found in the bright walkout lower level family/rec room, den/study with window, full bath, additional storage closets & slider to patio, backyard & beautiful garden beds. Newer shingles & vinyl (2022) & stone front (2023). Close to Ellis Golf Course, pool, park & downtown Cedar Rapids. A PLACE TO CALL HOME!

Neighborhood Data

Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,239 (100%)
Owner Occupied HU	7,767 (69.1%)
Renter Occupied HU	2,888 (25.7%)
Vacant Housing Units	584 ( 5.2%)
Median Home Value	$199,987
Average Home Value	$230,161