2503 Olive StCedar 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 2503 Olive St, Cedar Falls, IA, 50613 offers a 5.69% rental yield on a $312,500 purchase with $1,482/mo rent. 56% in year one. Equity gained on principal adds $2,017/yr while 5% annual appreciation supports $86,338 over five years. Portfolio math shows five-year ROI at 69.2% and total cumulative return in cash at $71,688. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,482/mo property income against a $1,530/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1890
5,561 sqft 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: Michael Taylor • Lockard Realty Company
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20260123