2061 Forest Dr SE, Cedar Rapids, IA, 52403 | $704/mo Cash Flow

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2061 Forest Dr SE, Cedar Rapids, IA, 52403 | $704/mo Cash Flow | Ziffy

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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 2061 Forest Dr SE, Cedar Rapids, IA, 52403 listed at $240,000 pairs $2,263/mo rent with a $1,175/mo payment to leave $704/mo cash flow. Total monthly income runs $2,263/mo, and annual cash flow reaches $8,448/yr on $79,560 cash to close. Return on cash invested measures 30.53% in year one, and rental yield registers 11.31% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 160.17% and total cumulative return in cash totals $127,430. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,263/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1946

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

This beautiful home is located literally steps away from Washington High School! It boasts four bedrooms and two-and-a-half baths, and has been lovingly maintained by the sellers for decades. Situated on a beautiful corner lot, you will find three storage sheds in the backyard, a gorgeous garden, as well as a roomy two-stall garage and parking pad, which means no 'backing out' onto Forest Drive. Note the beautiful hardwood flooring in the formal dining room as well as charming built-ins throughout. Lower level includes a rec room and plenty of opportunities for storage. The home security system is an additional bonus. Close to multiple schools, plenty of shopping and parks, and all appliances included, this home has it all! Come check it out today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 52403, Cedar Rapids, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,261 (100%)
Owner Occupied HU	7,355 (65.3%)
Renter Occupied HU	2,954 (26.2%)
Vacant Housing Units	952 ( 8.5%)
Median Home Value	$240,295
Average Home Value	$311,384