6273 Muirfield Dr SWCedar RapidsIA52404
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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 6273 Muirfield Dr SW, Cedar Rapids, IA, 52404 listed at $188,400 pairs $1,859/mo rent with a $922/mo payment to leave $406/mo cash flow. Total monthly income runs $1,859/mo, and annual cash flow reaches $4,867/yr on $62,455 cash to close. Return on cash invested measures 27.7% in year one, and rental yield registers 11.84% at a $188,400 basis. Equity gained on principal adds $1,216/yr, and annual property appreciation at 5% supports $52,051 by year five. Five-year ROI tracks 146.64% and total cumulative return in cash totals $91,586. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,859/mo property income relative to a $922/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2010
N/A lot
$N/A/sqft
$200 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,505
Single Family
14,648
Multi-Family
4,857
Businesses
1,391
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Listed by: Marian Flink • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406232
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.