4310 Banar Ave SW, Cedar Rapids, IA, 52404 | 7.73% Rental Yield

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4310 Banar Ave SW, Cedar Rapids, IA, 52404 | 7.73% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cedar Rapids at 4310 Banar Ave SW, Cedar Rapids, IA, 52404 offers a 7.73% rental yield on a $265,000 purchase with $1,708/mo rent. 73% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 102.29% and total cumulative return in cash at $89,859. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,708/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2021

N/A lot

$N/A/sqft

No HOA

More details about the property

Located in the College Community School District, this modern condo offers a fully finished lower level and over 2,200 square feet of stylish, low-maintenance living. Built in 2021, it features an open main floor with great natural light, neutral tones, and a kitchen that flows easily into the living and dining areas. The spacious primary bedroom on the main level features a large walk-in closet and private bath. Downstairs adds even more space to enjoy; a large family room, full bath, additional bedroom, and a flexible bonus area for a home office, gym, or hobby space. Step out to the deck for a little fresh air, or relax knowing everything is move-in ready and just a few years old. Lawncare and snow removal are taken care of for you. Convenient southwest Cedar Rapids location close to shopping, dining, and I-380 access. Its easy living with all the right updates.

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