335 Parkland Dr SECedar RapidsIA52403
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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 335 Parkland Dr SE, Cedar Rapids, IA, 52403 priced at $291,500 converts $2,582/mo rent into $689/mo cash flow after a $1,427/mo obligation. Total monthly income equals $2,582/mo, and annual cash flow totals $8,263/yr on $96,632 invested. Return on cash invested prints 28.46% in year one, and rental yield reads 10.63% against a $291,500 entry. Equity gained on principal adds $1,881/yr, while 5% annual appreciation compiles into $80,536 by year five. Five-year ROI reaches 149.11% and total cumulative return in cash sums $144,091. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,582/mo property income covering a $1,427/mo payment, not borrower’s personal income.
Single Family
Built in 1968
10,062 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52403, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,261 (100%) |
| Owner Occupied HU | 7,355 (65.3%) |
| Renter Occupied HU | 2,954 (26.2%) |
| Vacant Housing Units | 952 ( 8.5%) |
| Median Home Value | $240,295 |
| Average Home Value | $311,384 |
Housing Distribution
Address Breakdown
Residential
10,390
Single Family
8,523
Multi-Family
1,867
Businesses
288
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Listed by: Rossi Babington • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503242
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.