3607 Foxborough Ter NE APT C, Cedar Rapids, IA, 52402 | $194/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3607 Foxborough Ter NE APT C, Cedar Rapids, IA, 52402 | $194/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 3607 Foxborough Ter NE APT C, Cedar Rapids, IA, 52402 at $155,000 posts ROI 24.44% with $194/mo cash flow from $1,201/mo rent. Total monthly income equals $1,201/mo, and annual cash flow records $2,328/yr on $51,383 to close. Return on cash invested measures 24.44% and rental yield reads 9.3% at the current $155,000. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 by year five. Five-year ROI prints 127.54% and total cumulative return in cash totals $65,536.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,201/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 1986

N/A lot

$N/A/sqft

No HOA

More details about the property

This spacious and inviting home offers over 1,300 square feet of comfortable living space with 3 bedrooms and 2 bathrooms, including a primary suite featuring two walk-in closets. Newer carpet, luxury vinyl flooring, and updated kitchen appliances enhance the homes modern feel, while vaulted ceilings and abundant natural light create an open and airy atmosphere throughout. A maintenance-free deck, accessible from both the kitchen and living room, provides the perfect place for relaxing and enjoying your morning coffee. Added conveniences include a secured entrance, an attached single-stall garage, and included lawn care and snow removal for a low-maintenance lifestyle. Whether youre a first-time homebuyer or simply looking for a low-maintenance place to call home, this property is the perfect fit for you. Located in one of Cedar Rapids most convenient areas, it offers quick highway access, several nearby grocery stores, and even a golf course within walking distance, making it a wonderful blend of comfort and convenience.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,282 (100%)
Owner Occupied HU	11,711 (60.7%)
Renter Occupied HU	6,275 (32.5%)
Vacant Housing Units	1,296 ( 6.7%)
Median Home Value	$208,064
Average Home Value	$237,802