6715 Creekside Dr NE UNIT 5Cedar RapidsIA52402
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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 6715 Creekside Dr NE UNIT 5, Cedar Rapids, IA, 52402 earns $498/mo cash flow from $1,265/mo rent with a $578/mo payment. Total monthly income totals $1,265/mo, and annual cash flow totals $5,978/yr on $39,117 capital. ROI tracks 35.19% on current figures, and rental yield reads 12.86% at a $118,000 purchase. Equity gained on principal adds $761/yr, and 5% annual appreciation supports $32,601 over five years. Five-year ROI reaches 185.33% and total cumulative return in cash sums $72,495. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,265/mo property income instead of your personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,282 (100%) |
| Owner Occupied HU | 11,711 (60.7%) |
| Renter Occupied HU | 6,275 (32.5%) |
| Vacant Housing Units | 1,296 ( 6.7%) |
| Median Home Value | $208,064 |
| Average Home Value | $237,802 |
Housing Distribution
Address Breakdown
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
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Listed by: Jerome Edwards • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls ID: #2506230