3406 King Dr SWCedar RapidsIA52404
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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 3406 King Dr SW, Cedar Rapids, IA, 52404 priced at $294,900 pairs $2,345/mo rent with $430/mo cash flow after a $1,443/mo payment. Total monthly income equals $2,345/mo, and annual cash flow comes to $5,162/yr on $97,759 invested. Return on cash invested is 25.19% in year one, and rental yield stands at 9.54% on a $294,900 basis. Equity gained on principal adds $1,903/yr, and 5% annual appreciation accumulates to $81,475 by year five. Five-year ROI measures 131.6% and total cumulative return in cash reaches $128,647. For financing, Ziffy Mortgage’s DSCR program evaluates $2,345/mo property income against a $1,443/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52404, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,968 (100%) |
| Owner Occupied HU | 11,682 (55.7%) |
| Renter Occupied HU | 7,536 (35.9%) |
| Vacant Housing Units | 1,750 ( 8.3%) |
| Median Home Value | $201,736 |
| Average Home Value | $240,149 |
Housing Distribution
Address Breakdown
Residential
19,505
Single Family
14,648
Multi-Family
4,857
Businesses
1,391
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Listed by: Dana Hansen • RE/MAX Concepts
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502971
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.