6937 & 6943 Bowman Ln 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 6937 & 6943 Bowman Ln NE, Cedar Rapids, IA, 52402 earns from $2,070/mo rent with a $2,618/mo payment. Total monthly income totals $2,070/mo. ROI tracks 10.27% on current figures, and rental yield reads 4.64% at a $534,900 purchase. Equity gained on principal adds $3,452/yr, and 5% annual appreciation supports $147,783 over five years. Five-year ROI reaches 51.61% and total cumulative return in cash sums $90,825. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,070/mo property income instead of your personal income.
Single Family
Built in 1993
0.71 Acres lot
$N/A/sqft
$375 annually 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: Marian Flink • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501676
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.