3321 Emerson Ave NECedar RapidsIA52411
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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 Rapids at 3321 Emerson Ave NE, Cedar Rapids, IA, 52411 offers a 9.44% rental yield on a $289,000 purchase with $2,273/mo rent. Total monthly income registers $2,273/mo, and a $1,415/mo payment leaves $334/mo available for distribution. Annual cash flow reaches $4,003/yr on $95,804 to close, and return on cash invested stands at 24.09% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 125.95% and total cumulative return in cash at $120,662. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,273/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.26 Acres lot
$N/A/sqft
$140 annually HOA
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Listed by: JJ Johannes • Epique Realty
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406921
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.