6911 Springwood Pl NWCedar RapidsIA52405
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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 6911 Springwood Pl NW, Cedar Rapids, IA, 52405 at $297,000 posts ROI 31.67% with $965/mo cash flow from $2,898/mo rent. Total monthly income equals $2,898/mo, and annual cash flow records $11,575/yr on $98,456 to close. Return on cash invested measures 31.67% and rental yield reads 11.71% at the current $297,000. Equity gained on principal adds $1,916/yr, and 5% annual appreciation supports $82,056 by year five. Five-year ROI prints 166.31% and total cumulative return in cash totals $163,746.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,898/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2002
5,619 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,239 (100%) |
| Owner Occupied HU | 7,767 (69.1%) |
| Renter Occupied HU | 2,888 (25.7%) |
| Vacant Housing Units | 584 ( 5.2%) |
| Median Home Value | $199,987 |
| Average Home Value | $230,161 |
Housing Distribution
Address Breakdown
Residential
11,162
Single Family
9,355
Multi-Family
1,807
Businesses
256
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Listed by: Mike Graf-Graf Home Selling Team • GRAF REAL ESTATE, ERA POWERED
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503444
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.