3515 E Ave Nw #DCedar 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
Rental property for sale in Cedar Rapids at 3515 E Ave Nw #D, Cedar Rapids, IA, 52405 generates $965/mo in rent and, after a $587/mo payment, leaves $186/mo in cash flow. Total monthly income is $965/mo, and annual cash flow is $2,232/yr on $39,780 invested. Return on cash invested sits at 25.52% in year one, and rental yield is 9.65% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 133.32% and total cumulative return in cash sums $53,035. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $965/mo property income rather than buyer’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: Brian Hoel • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls ID: #2506625