3409 Riverbend Dr NECedar RapidsIA52411
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Cedar Rapids rentals match the income profile of 3409 Riverbend Dr NE, Cedar Rapids, IA, 52411. Listed at $388,000, gross rent is $3,396/mo and net cash flow is $808/mo, a 10.33% yield well above national averages. DSCR 1.95 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $107,197 by year five with $3,574/yr in annual principal reduction, projecting $203,321 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 7.2% |
| Monthly Cash Flow | $808 | $450 |
City averages based on Cedar Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,396 |
| Total Monthly Debt Service | $2,377 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1994
0.32 Acres lot
$N/A/sqft
$140 annually HOA
Nearby investment properties with comparable rents
- 2 Bed
- 2 Bath
- 1263 sft
- 2 Bed
- 2 Bath
- 1263 sft
Nearby investment properties with comparable prices
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
Single Family
Built in 1994
0.32 Acres lot
$N/A/sqft
$140 annually HOA
Nearby investment properties with comparable rents
- 2 Bed
- 2 Bath
- 1263 sft
- 2 Bed
- 2 Bath
- 1263 sft
Nearby investment properties with comparable prices
Listed by: Carla Werning • Ruhl&Ruhl, REALTORS - CR
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502596
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.