3341 Riverpointe Cir 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
Rental property for sale in Cedar Rapids at 3341 Riverpointe Cir NE, Cedar Rapids, IA, 52411 generates $2,136/mo in rent and, after a $1,346/mo payment, leaves $106/mo in cash flow. Total monthly income is $2,136/mo, and annual cash flow is $1,274/yr on $91,163 invested. Return on cash invested sits at 21.31% in year one, and rental yield is 9.32% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 111.94% and total cumulative return in cash sums $102,047. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,136/mo property income rather than buyer’s personal income.
Condo
Built in 1991
3,746 sqft lot
$N/A/sqft
$225 monthly HOA
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Listed by: Scott Rosekrans-Rosekrans Stines Team • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503131
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.