3550 Stone Creek Cir SW #215Cedar RapidsIA52404
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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
Total monthly income runs $1,060/mo, and a $684/mo payment. Purchase price stands at $139,777, and rental yield measures 9.1% with $1,060/mo rent. Return on cash invested shows -29.7% in year one, and 5% annual appreciation builds toward $38,618 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,060/mo property income covering a $684/mo payment rather than investor’s personal income.
Condo
Built in 2020
N/A lot
$N/A/sqft
$2,068 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,505
Single Family
14,648
Multi-Family
4,857
Businesses
1,391
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Listed by: John Beltramea • EXIT Eastern Iowa Real Estate Corridor
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202501893
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.