6045 Ridgewood Meadows Ln 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 6045 Ridgewood Meadows Ln NE, Cedar Rapids, IA, 52411 listed at $289,000 pairs $2,638/mo rent with a $1,415/mo payment to leave $752/mo cash flow. Total monthly income runs $2,638/mo, and annual cash flow reaches $9,023/yr on $95,804 cash to close. Return on cash invested measures 29.33% in year one, and rental yield registers 10.95% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 153.78% and total cumulative return in cash totals $147,326. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,638/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2010
6,098 sqft lot
$N/A/sqft
No HOA
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Listed by: Jeremy Trenkamp • Realty87
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202504589
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.