6908 Larkwood Dr NECedar 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 6908 Larkwood Dr NE, Cedar Rapids, IA, 52402 uses $102,732 cash to close to unlock $12,892/yr annual cash flow and $1,074/mo monthly cash flow. Total monthly income runs $3,106/mo, and a $1,517/mo payment keeps the spread at $1,074/mo. Purchase price stands at $309,900, and rental yield measures 12.03% with $3,106/mo rent. Return on cash invested shows 32.46% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 170.65% and total cumulative return in cash records $175,308. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,106/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.28 Acres 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: Tim Nye • GRAF REAL ESTATE, ERA POWERED
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504164
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.