422 Rock Ridge Rd NWCedar RapidsIA52405
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 422 Rock Ridge Rd NW, Cedar Rapids, IA, 52405 offers $2,774/mo rent that, after a $2,418/mo payment. Total monthly income is $2,774/mo. Return on cash invested measures 16.73% in year one, and rental yield stands at 6.74% at a $494,000 entry. Equity gained on principal adds $3,188/yr while 5% annual appreciation compounds into $136,483 by year five. Five-year ROI records 86.18% and total cumulative return in cash reaches $141,128. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,774/mo property income versus a $2,418/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.29 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Chmelicek • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls ID: #2505901