3413 Pheasant DrCedar FallsIA50613
Nearby investment properties with comparable rents
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
Investment Highlights
Investment property for sale in Cedar Falls at 3413 Pheasant Dr, Cedar Falls, IA, 50613 uses $205,625 cash to close to unlock $5,136/yr annual cash flow and $428/mo monthly cash flow. Total monthly income runs $4,487/mo, and a $3,059/mo payment keeps the spread at $428/mo. Purchase price stands at $625,000, and rental yield measures 8.62% with $4,487/mo rent. Return on cash invested shows 22.56% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 117.41% and total cumulative return in cash records $241,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,487/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 1993
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50613, Cedar Falls, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,347 (100%) |
| Owner Occupied HU | 11,369 (62.0%) |
| Renter Occupied HU | 5,634 (30.7%) |
| Vacant Housing Units | 1,344 ( 7.3%) |
| Median Home Value | $275,639 |
| Average Home Value | $297,427 |
Housing Distribution
Address Breakdown
Residential
17,984
Single Family
15,039
Multi-Family
2,945
Businesses
1,424
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pam Banser, Crs, Abr, Cfs • RE/MAX Concepts - Cedar Falls
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255182