3421 Banar Dr SW UNIT B, Cedar Rapids, IA, 52404 | $319/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3421 Banar Dr SW UNIT B, Cedar Rapids, IA, 52404 | $319/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Cedar Rapids at 3421 Banar Dr SW UNIT B, Cedar Rapids, IA, 52404 generates $1,657/mo in rent and, after a $1,008/mo payment, leaves $319/mo in cash flow. Total monthly income is $1,657/mo, and annual cash flow is $3,833/yr on $68,289 invested. Return on cash invested sits at 25.52% in year one, and rental yield is 9.65% on a $206,000 entry. Equity gained on principal adds $1,329/yr, while 5% annual appreciation builds toward $56,914 over five years. Five-year ROI reaches 133.37% and total cumulative return in cash sums $91,076. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,657/mo property income rather than buyer’s personal income.

Condo

Built in 2006

N/A lot

$N/A/sqft

No HOA

More details about the property

Spacious ranch condo in lovely neighborhood, close to shopping. The open floorplan has a large dining room, open living room with sliding glass door to your private deck, kitchen with bar long enough for 4, main level laundry, primary suite, along with second bedroom and second bath. The lower level is a partially finished walkout with beautiful backyard. The lower level is not included in the square footage, so much opportunity to almost double your square footage. The garage has professional epoxy flooring. This well cared for condo has a newer roof, and exterior maintenance- snow and lawn- is taken care of by the homeowner's association. Ready for easy living- schedule a tour.

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