3620 Mount Vernon Rd SE APT 11Cedar RapidsIA52403
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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 3620 Mount Vernon Rd SE APT 11, Cedar Rapids, IA, 52403 generates $1,766/mo in rent and, after a $499/mo payment, leaves $1,104/mo in cash flow. Total monthly income is $1,766/mo, and annual cash flow is $13,246/yr on $33,813 invested. Return on cash invested sits at 59.08% in year one, and rental yield is 20.78% on a $102,000 entry. Equity gained on principal adds $658/yr, while 5% annual appreciation builds toward $28,181 over five years. Five-year ROI reaches 313.36% and total cumulative return in cash sums $105,956. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,766/mo property income rather than buyer’s personal income.
Condo
Built in 1973
1 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52403, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,261 (100%) |
| Owner Occupied HU | 7,355 (65.3%) |
| Renter Occupied HU | 2,954 (26.2%) |
| Vacant Housing Units | 952 ( 8.5%) |
| Median Home Value | $240,295 |
| Average Home Value | $311,384 |
Housing Distribution
Address Breakdown
Residential
10,390
Single Family
8,523
Multi-Family
1,867
Businesses
288
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Listed by: Betty M Wroe • Oakridge Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20253561