3322 Riverside Dr NE,Cedar Rapids,IA,52411

Investment Highlights

Rental property for sale in Cedar Rapids at 3322 Riverside Dr NE, Cedar Rapids, IA, 52411 priced at $360,000 pairs $3,259/mo rent with $921/mo cash flow after a $1,762/mo payment. Total monthly income equals $3,259/mo, and annual cash flow comes to $11,052/yr on $119,340 invested. Return on cash invested is 29.17% in year one, and rental yield stands at 10.86% on a $360,000 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,461 by year five. Five-year ROI measures 152.89% and total cumulative return in cash reaches $182,457. For financing, Ziffy Mortgage’s DSCR program evaluates $3,259/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.