3028 Center Point Rd NE APT 201Cedar 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 3028 Center Point Rd NE APT 201, Cedar Rapids, IA, 52402 listed at $106,500 pairs $1,133/mo rent with a $521/mo payment to leave $441/mo cash flow. Total monthly income runs $1,133/mo, and annual cash flow reaches $5,292/yr on $35,305 cash to close. Return on cash invested measures 34.9% in year one, and rental yield registers 12.77% at a $106,500 basis. Equity gained on principal adds $687/yr, and annual property appreciation at 5% supports $29,424 by year five. Five-year ROI tracks 183.63% and total cumulative return in cash totals $64,829. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,133/mo property income relative to a $521/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
N/A 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: Tyler Lautke • Realty87
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2506075
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.