3409 Riverbend Dr 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 3409 Riverbend Dr NE, Cedar Rapids, IA, 52411 priced at $388,000 converts $3,396/mo rent into $865/mo cash flow after a $1,899/mo obligation. Total monthly income equals $3,396/mo, and annual cash flow totals $10,374/yr on $128,622 invested. Return on cash invested prints 27.97% in year one, and rental yield reads 10.5% against a $388,000 entry. Equity gained on principal adds $2,504/yr, while 5% annual appreciation compiles into $107,197 by year five. Five-year ROI reaches 146.54% and total cumulative return in cash sums $188,488. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,396/mo property income covering a $1,899/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.32 Acres lot
$N/A/sqft
$140 annually HOA
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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.