3523 Prairie Creek Rd SW, Cedar Rapids, IA, 52404 | 5.47% Rental Yield

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3523 Prairie Creek Rd SW, Cedar Rapids, IA, 52404 | 5.47% Rental Yield | Ziffy

For Sale

Listed for sale 7 days ago

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 3523 Prairie Creek Rd SW, Cedar Rapids, IA, 52404 offers a 5.47% rental yield on a $394,900 purchase with $1,801/mo rent. 91% in year one. Equity gained on principal adds $2,548/yr while 5% annual appreciation supports $109,104 over five years. Portfolio math shows five-year ROI at 65.72% and total cumulative return in cash at $86,039. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,801/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2002

0.55 Acres lot

$N/A/sqft

No HOA

More details about the property

Immaculate, beautifully updated one-owner home set on a stunning half-acre lot with no neighbors behind you! Enjoy peace, privacy, and thoughtful upgrades throughout this spacious property. Step inside to find new carpet on the main and lower levels, refinished hardwood floors, and two cozy gas fireplacesone on each level. The spacious 807 sq ft heated garage is perfect for vehicles, hobbies, or extra storage, complemented by an additional large backyard shed. Beautiful kitchen, featuring abundant cabinetry and stainless steel appliances (all included). The primary bedroom suite feels like a private retreat with its jacuzzi tub, lighted mirror, and large walk-in closet. The lower level is an entertainers dream, complete with a wet bar, full-size refrigerator, deep freeze, stone fireplace and daylight windows. A large bedroom, luxurious full bathroom with heated floors and rainfall shower, plus excellent storage make this level ideal for guests, teens, or extended family. Outside, the property truly shines. The fully fenced backyard is loaded with features: lush landscaping, mature trees, a firepit/patio area, an in-ground trampoline, and even a tree house. Its a space youll love spending time in during the spring and summer months. Major updates include: furnace, water heater, roof, siding, garage doors, and openerproviding peace of mind for years to come.

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