2103 Rainbow DrCedar 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 2103 Rainbow Dr, Cedar Falls, IA, 50613 listed at $274,000 pairs $1,846/mo rent with a $1,341/mo payment to leave $67/mo cash flow. Total monthly income runs $1,846/mo, and annual cash flow reaches $799/yr on $90,831 cash to close. Return on cash invested measures 20.79% in year one, and rental yield registers 8.08% at a $274,000 basis. Equity gained on principal adds $1,768/yr, and annual property appreciation at 5% supports $75,701 by year five. Five-year ROI tracks 107.97% and total cumulative return in cash totals $98,073. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,846/mo property income relative to a $1,341/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1917
0.26 Acres lot
$N/A/sqft
No 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: Joe Leehey • Fischels Residential Group
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254037