3466 Springer Ct, Cedar Rapids, IA, 52411 | $583/mo Cash Flow

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

Investment property for sale in Cedar Rapids at 3466 Springer Ct, Cedar Rapids, IA, 52411 uses $132,269 cash to close to unlock $6,991/yr annual cash flow and $583/mo monthly cash flow. Total monthly income runs $3,174/mo, and a $1,953/mo payment keeps the spread at $583/mo. Purchase price stands at $399,000, and rental yield measures 9.55% with $3,174/mo rent. Return on cash invested shows 25.19% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 131.59% and total cumulative return in cash records $174,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,174/mo property income covering a $1,953/mo payment rather than investor’s personal income.

Single Family

Built in 1989

1.05 Acres lot

$N/A/sqft

No HOA