1648 Greens Way 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 1648 Greens Way Ct NE, Cedar Rapids, IA, 52402 at $255,000 posts ROI 24.44% with $319/mo cash flow from $2,239/mo rent. Total monthly income equals $2,239/mo, and annual cash flow records $3,830/yr on $84,533 to close. Return on cash invested measures 24.44% and rental yield reads 10.54% at the current $255,000. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 by year five. Five-year ROI prints 128.92% and total cumulative return in cash totals $108,980.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,239/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2003
5,000 sqft lot
$N/A/sqft
$250 monthly 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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