5512 Black Oak Dr NECedar RapidsIA52411
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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 5512 Black Oak Dr NE, Cedar Rapids, IA, 52411 offers a 8.04% rental yield on a $494,000 purchase with $3,311/mo rent. Total monthly income registers $3,311/mo, and a $2,418/mo payment leaves $90/mo available for distribution. Annual cash flow reaches $1,081/yr on $163,761 to close, and return on cash invested stands at 20.57% in year one. Equity gained on principal adds $3,188/yr while 5% annual appreciation supports $136,483 over five years. Portfolio math shows five-year ROI at 106.84% and total cumulative return in cash at $174,956. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,311/mo property income against a $2,418/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.28 Acres lot
$N/A/sqft
$150 annually HOA
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Listed by: Laurie Whiting • Realty87
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202504404
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.