3503 Field Stone Pl SW, Cedar Rapids, IA, 52404 | $720/mo Cash Flow

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3503 Field Stone Pl SW, Cedar Rapids, IA, 52404 | $720/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

Investment property for sale in Cedar Rapids at 3503 Field Stone Pl SW, Cedar Rapids, IA, 52404 earns $720/mo cash flow from $2,441/mo rent with a $1,297/mo payment. Total monthly income totals $2,441/mo, and annual cash flow totals $8,642/yr on $87,814 capital. ROI tracks 29.75% on current figures, and rental yield reads 11.06% at a $264,900 purchase. Equity gained on principal adds $1,709/yr, and 5% annual appreciation supports $73,187 over five years. Five-year ROI reaches 156.05% and total cumulative return in cash sums $137,036. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,441/mo property income instead of your personal income.

Single Family

Built in 2003

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Step inside this beautifully maintained split-level in the sought-after College Community School District and fall in love with its warmth and character. The inviting eat-in kitchen features a charming corner sink, gas range, dishwasher, microwave, and refrigerator everything you need to start cooking from day one. Just a few steps down, the spacious family room welcomes you with a cozy gas fireplace and custom oak built-ins, offering the perfect place to unwind. Step outside to enjoy the patio and large backyard, ideal for entertaining, gardening, or soaking up the sun. This level also includes a handy half bath and laundry area. Upstairs, youll find three comfortable bedrooms and two full baths, while the finished lower level adds even more living space perfect for a rec room, office, or workout area. Enjoy peace of mind with major updates already taken care of: a new furnace, air conditioner, and water heater (2021), plus a new roof (2020). Move-in ready and full of charm dont miss your chance to make this your new home!

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