3919 Summerfield Ln NE APT BCedar RapidsIA52402
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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 3919 Summerfield Ln NE APT B, Cedar Rapids, IA, 52402 offers a 9.53% rental yield on a $119,777 purchase with $951/mo rent. 86% in year one. Equity gained on principal adds $773/yr while 5% annual appreciation supports $33,092 over five years. Portfolio math shows five-year ROI at 104.95% and total cumulative return in cash at $41,673. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $951/mo property income against a $586/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$2,100 annually HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
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Listed by: John Beltramea • EXIT Eastern Iowa Real Estate Corridor
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202505232
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.