2915 Sequoia Dr SW, Cedar Rapids, IA, 52404 | 7.2% Rental Yield

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2915 Sequoia Dr SW, Cedar Rapids, IA, 52404 | 7.2% Rental Yield | Ziffy

For Sale

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 2915 Sequoia Dr SW, Cedar Rapids, IA, 52404 with 5% annual appreciation on a $388,530 basis while $2,332/mo rent supports operations. 12% in year one. Equity gained on principal adds $2,507/yr, and five-year appreciation sums $107,344 alongside rental yield of 7.2%. Five-year ROI measures 93.69% and total cumulative return in cash totals $120,675. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,332/mo property income versus a $1,902/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 2023

N/A lot

$N/A/sqft

No HOA

More details about the property

Stop out to our Model Home and see the what's new! The Woodmor has been our most popular plan, accommodating at its base square footage but is easily expanded to work with a buyers input and requests. This model showcases a new color palette, custom coffee bar and mud room along with a 3rd garage stall. This plan can be enhanced with a larger laundry room, a large covered front porch or an expanded dining area. Its open floor plan and atrium walkout lets natural light flow through the home and the atrium walkout provides easy access to your backyard patio. The distinguished dining area is a favorite feature of buyers, allowing for a long dining table when guests arrive. There are many other optional features to this favorite plan, the Woodmor. Condominium association charges $750 startup fee and $175/mo. after closing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52404, Cedar Rapids, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,968 (100%)
Owner Occupied HU	11,682 (55.7%)
Renter Occupied HU	7,536 (35.9%)
Vacant Housing Units	1,750 ( 8.3%)
Median Home Value	$201,736
Average Home Value	$240,149