23 Hackberry LoopCedar RapidsIA52403
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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
Rental property for sale in Cedar Rapids at 23 Hackberry Loop, Cedar Rapids, IA, 52403 priced at $313,000 pairs $936/mo rent with after a $1,532/mo payment. Total monthly income equals $936/mo. Return on cash invested is 6.3% in year one, and rental yield stands at 3.59% on a $313,000 basis. Equity gained on principal adds $2,020/yr, and 5% annual appreciation accumulates to $86,476 by year five. Five-year ROI measures 30.64% and total cumulative return in cash reaches $31,789. For financing, Ziffy Mortgage’s DSCR program evaluates $936/mo property income against a $1,532/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2025
1,742 sqft lot
$N/A/sqft
$80 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,390
Single Family
8,523
Multi-Family
1,867
Businesses
288
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Listed by: Twenty40 Real Estate + Development • Twenty40 Real Estate + Development
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502401
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.