1712 Erik RdCedar FallsIA50613
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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 Falls at 1712 Erik Rd, Cedar Falls, IA, 50613 with 5% annual appreciation on a $328,000 basis while $2,509/mo rent supports operations. Total monthly income totals $2,509/mo and a $1,605/mo payment preserves $353/mo for cash returns. Annual cash flow comes to $4,241/yr on $108,732 deployed, and return on cash invested reaches 23.81% in year one. Equity gained on principal adds $2,117/yr, and five-year appreciation sums $90,620 alongside rental yield of 9.18%. Five-year ROI measures 124.29% and total cumulative return in cash totals $135,139.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,509/mo property income versus a $1,605/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2003
7,056 sqft lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50613, Cedar Falls, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,347 (100%) |
| Owner Occupied HU | 11,369 (62.0%) |
| Renter Occupied HU | 5,634 (30.7%) |
| Vacant Housing Units | 1,344 ( 7.3%) |
| Median Home Value | $275,639 |
| Average Home Value | $297,427 |
Housing Distribution
Address Breakdown
Residential
17,984
Single Family
15,039
Multi-Family
2,945
Businesses
1,424
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Listed by: Tony Runyan • Structure Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20252084
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