2955 Bowling St SW APT 137, Cedar Rapids, IA, 52404 | $134/mo Cash Flow

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2955 Bowling St SW APT 137, Cedar Rapids, IA, 52404 | $134/mo Cash Flow | 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 2955 Bowling St SW APT 137, Cedar Rapids, IA, 52404 uses $36,465 cash to close to unlock $1,608/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $848/mo, and a $538/mo payment keeps the spread at $134/mo. Purchase price stands at $110,000, and rental yield measures 9.25% with $848/mo rent. Return on cash invested shows 24.32% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 126.86% and total cumulative return in cash records $46,260. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $848/mo property income covering a $538/mo payment rather than investor’s personal income.

Condo

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

This move-in ready main floor condo offers the perfect blend of comfort and convenience with true zero-entry living. Inside youll find 2 spacious bedrooms and an updated bathroom featuring a tiled walk-in shower, brand-new vanity, and stylish tiled flooring. The kitchen has been recently refreshed with crisp white cabinets and stainless steel appliances, while brand-new LVP flooring, updated doors, and fresh trim carry throughout the common living areas. A large walk-in storage room provides plenty of extra space to keep things organized. Enjoy your own private patio with white vinyl privacy fencing, plus the ease of in-unit laundry with a stackable washer and dryer included. HOA dues cover water, pool access, and exterior maintenancemaking this home worry-free and affordable. Pets are welcome, too!

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