6712 Spring Grove Ct NECedar RapidsIA52411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6712 Spring Grove Ct NE, Cedar Rapids, IA, 52411 offers a 3.57% rental yield on a $1,175,000 purchase with $3,499/mo rent. 35% in year one. Equity gained on principal adds $7,582/yr while 5% annual appreciation supports $324,631 over five years. Portfolio math shows five-year ROI at 35.77% and total cumulative return in cash at $136,186. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,499/mo property income against a $5,751/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
1.04 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Doug Lemon • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503651
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.