3013 Sue Ln NW, Cedar Rapids, IA, 52405 | $175/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3013 Sue Ln NW, Cedar Rapids, IA, 52405 | $175/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 3013 Sue Ln NW, Cedar Rapids, IA, 52405 offers a 8.6% rental yield on a $260,000 purchase with $1,864/mo rent. Total monthly income registers $1,864/mo, and a $1,273/mo payment leaves $175/mo available for distribution. Annual cash flow reaches $2,100/yr on $86,190 to close, and return on cash invested stands at 22.35% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 116.3% and total cumulative return in cash at $100,241. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,864/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1967

7,274 sqft lot

$N/A/sqft

No HOA

More details about the property

Ideal starter home, on quiet street. Ranch home with 3 bedrooms, 3 baths, & laundry on main level. Updated kitchen last year (refaced cabinets, new hardware, soft close drawers, added a pantry, & more cabinets & counters.) All have a lifetime warranty. Plenty of rooms in lower level for a 4th non-conforming bedroom and/or storage and a potentially large rec room. There is a 10 x 18 4 seasons room with heat/AC & an attached deck off a 2.5 car detached garage. Large shed for outdoor storage needs. Privacy fence is new since derecho. Nicely landscaped. $2,500 allowance for bathroom door & carpet in living room. Close to schools, shopping, & restaurants.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,239 (100%)
Owner Occupied HU	7,767 (69.1%)
Renter Occupied HU	2,888 (25.7%)
Vacant Housing Units	584 ( 5.2%)
Median Home Value	$199,987
Average Home Value	$230,161