4000 Richland Dr NWCedar RapidsIA52405
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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 4000 Richland Dr NW, Cedar Rapids, IA, 52405 listed at $424,900 pairs $3,058/mo rent with a $2,080/mo payment to leave $298/mo cash flow. Total monthly income runs $3,058/mo, and annual cash flow reaches $3,578/yr on $140,854 cash to close. Return on cash invested measures 22.45% in year one, and rental yield registers 8.64% at a $424,900 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,392 by year five. Five-year ROI tracks 116.88% and total cumulative return in cash totals $164,637. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,058/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,239 (100%) |
| Owner Occupied HU | 7,767 (69.1%) |
| Renter Occupied HU | 2,888 (25.7%) |
| Vacant Housing Units | 584 ( 5.2%) |
| Median Home Value | $199,987 |
| Average Home Value | $230,161 |
Housing Distribution
Address Breakdown
Residential
11,162
Single Family
9,355
Multi-Family
1,807
Businesses
256
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Listed by: Dana Hansen • RE/MAX Concepts
Mls Name: Iowa City Area AOR
Mls ID: #202504822