6965 Doubletree Rd NE, Cedar Rapids, IA, 52402 | $340/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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6965 Doubletree Rd NE, Cedar Rapids, IA, 52402 | $340/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Cedar Rapids at 6965 Doubletree Rd NE, Cedar Rapids, IA, 52402 generates $1,639/mo in rent and, after a $979/mo payment, leaves $340/mo in cash flow. Total monthly income is $1,639/mo, and annual cash flow is $4,080/yr on $66,300 invested. Return on cash invested sits at 26.06% in year one, and rental yield is 9.83% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 136.23% and total cumulative return in cash sums $90,320. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,639/mo property income rather than buyer’s personal income.

Condo

Built in 1999

N/A lot

$N/A/sqft

No HOA

More details about the property

Looking for a place that feels private but still close to everything? This 3-bedroom, 2-bath condo sits on a quiet private drive surrounded by mature trees its peaceful, comfortable, and has plenty of space to stretch out. Youll love the open layout with just under 1,600 square feet, a walkout deck perfect for relaxing, and a walkout basement that gives you extra living space or room to make your own. The two-stall garage keeps your cars out of the weather with room for storage, too. Its the kind of place that feels more like a home than a condo tucked away, quiet, and easy to take care of.

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