3620 Banar Dr SW UNIT ECedar 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
Investment property for sale in Cedar Rapids at 3620 Banar Dr SW UNIT E, Cedar Rapids, IA, 52404 earns $201/mo cash flow from $1,227/mo rent with a $773/mo payment. Total monthly income totals $1,227/mo, and annual cash flow totals $2,414/yr on $52,377 capital. ROI tracks 24.52% on current figures, and rental yield reads 9.32% at a $158,000 purchase. Equity gained on principal adds $1,020/yr, and 5% annual appreciation supports $43,652 over five years. Five-year ROI reaches 128.02% and total cumulative return in cash sums $67,054. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,227/mo property income instead of your personal income.
Townhouse
Built in 2006
N/A lot
$N/A/sqft
No 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: Ashley Block • Ruhl&Ruhl REALTORS DeWitt
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4269324