6524 Michael Dr NE,Cedar Rapids,IA,52411

Investment Highlights

Investment property for sale in Cedar Rapids at 6524 Michael Dr NE, Cedar Rapids, IA, 52411 offers a 7.91% rental yield on a $589,500 purchase with $3,886/mo rent. Total monthly income registers $3,886/mo, and a $2,885/mo payment leaves $58/mo available for distribution. Annual cash flow reaches $694/yr on $193,946 to close, and return on cash invested stands at 20.42% in year one. Equity gained on principal adds $3,804/yr while 5% annual appreciation supports $162,868 over five years. Portfolio math shows five-year ROI at 105.93% and total cumulative return in cash at $205,455. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,886/mo property income against a $2,885/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.