3116 Teton St SWCedar RapidsIA52404
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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
Investment Highlights
Rental property for sale in Cedar Rapids at 3116 Teton St SW, Cedar Rapids, IA, 52404 offers $1,180/mo rent that, after a $1,569/mo payment. Total monthly income is $1,180/mo. Return on cash invested measures 7.75% in year one, and rental yield stands at 4.42% at a $320,500 entry. Equity gained on principal adds $2,068/yr while 5% annual appreciation compounds into $88,548 by year five. Five-year ROI records 38.77% and total cumulative return in cash reaches $41,188. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,180/mo property income versus a $1,569/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
$175 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,505
Single Family
14,648
Multi-Family
4,857
Businesses
1,391
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Listed by: Kiah Wood • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406444
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.