3507 E Ave Nw #FCedar RapidsIA52405
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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
Investment property for sale in Cedar Rapids at 3507 E Ave Nw #F, Cedar Rapids, IA, 52405 uses $38,123 cash to close to unlock $1,944/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $909/mo, and a $563/mo payment keeps the spread at $162/mo. Purchase price stands at $115,000, and rental yield measures 9.49% with $909/mo rent. Return on cash invested shows 25.01% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 130.59% and total cumulative return in cash records $49,785. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $909/mo property income covering a $563/mo payment rather than investor’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,239 (100%) |
| Owner Occupied HU | 7,767 (69.1%) |
| Renter Occupied HU | 2,888 (25.7%) |
| Vacant Housing Units | 584 ( 5.2%) |
| Median Home Value | $199,987 |
| Average Home Value | $230,161 |
Housing Distribution
Address Breakdown
Residential
11,162
Single Family
9,355
Multi-Family
1,807
Businesses
256
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Listed by: Chad Gloede • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls ID: #2509453