4706 Chadwick Rd UNIT 1Cedar FallsIA50613
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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 Falls at 4706 Chadwick Rd UNIT 1, Cedar Falls, IA, 50613 uses $47,073 cash to close to unlock $4,306/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $1,456/mo, and a $695/mo payment keeps the spread at $359/mo. Purchase price stands at $142,000, and rental yield measures 12.3% with $1,456/mo rent. Return on cash invested shows 29.06% in year one, and 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 153.93% and total cumulative return in cash records $72,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,456/mo property income covering a $695/mo payment rather than investor’s personal income.
Condo
Built in 2000
3,049 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50613, Cedar Falls, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,347 (100%) |
| Owner Occupied HU | 11,369 (62.0%) |
| Renter Occupied HU | 5,634 (30.7%) |
| Vacant Housing Units | 1,344 ( 7.3%) |
| Median Home Value | $275,639 |
| Average Home Value | $297,427 |
Housing Distribution
Address Breakdown
Residential
17,984
Single Family
15,039
Multi-Family
2,945
Businesses
1,424
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Listed by: Michele Henze • Lockard Realty Company
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20244634
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, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 2024-02-12 13:19:33 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.