3008 Circle Hill Ct NECedar RapidsIA52402
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rapids at 3008 Circle Hill Ct NE, Cedar Rapids, IA, 52402 uses $101,074 cash to close to unlock $3,878/yr annual cash flow and $323/mo monthly cash flow. Total monthly income runs $2,303/mo, and a $1,492/mo payment keeps the spread at $323/mo. Purchase price stands at $304,900, and rental yield measures 9.06% with $2,303/mo rent. Return on cash invested shows 23.75% in year one, and 5% annual appreciation builds toward $84,238 over five years. Five-year ROI reaches 123.86% and total cumulative return in cash records $125,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,303/mo property income covering a $1,492/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,282 (100%) |
| Owner Occupied HU | 11,711 (60.7%) |
| Renter Occupied HU | 6,275 (32.5%) |
| Vacant Housing Units | 1,296 ( 6.7%) |
| Median Home Value | $208,064 |
| Average Home Value | $237,802 |
Housing Distribution
Address Breakdown
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shannon Feuerbach • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls ID: #2507329