3120 Homeway DrCedar FallsIA50613
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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
Investment property for sale in Cedar Falls at 3120 Homeway Dr, Cedar Falls, IA, 50613 offers a 9.65% rental yield on a $159,000 purchase with $1,279/mo rent. Total monthly income registers $1,279/mo, and a $778/mo payment leaves $247/mo available for distribution. Annual cash flow reaches $2,959/yr on $52,709 to close, and return on cash invested stands at 25.52% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 133.39% and total cumulative return in cash at $70,308. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,279/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50613, Cedar Falls, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,347 (100%) |
| Owner Occupied HU | 11,369 (62.0%) |
| Renter Occupied HU | 5,634 (30.7%) |
| Vacant Housing Units | 1,344 ( 7.3%) |
| Median Home Value | $275,639 |
| Average Home Value | $297,427 |
Housing Distribution
Address Breakdown
Residential
17,984
Single Family
15,039
Multi-Family
2,945
Businesses
1,424
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Listed by: Jeff Weidman • Fusion Realtors
Mls Name: DMMLS
Mls ID: #731437