7008 Chenango Ln SWCedar RapidsIA52404
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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 7008 Chenango Ln SW, Cedar Rapids, IA, 52404 at $326,990 posts ROI 23.39% with $314/mo cash flow from $2,446/mo rent. Total monthly income equals $2,446/mo, and annual cash flow records $3,774/yr on $108,397 to close. Return on cash invested measures 23.39% and rental yield reads 8.98% at the current $326,990. Equity gained on principal adds $2,110/yr, and 5% annual appreciation supports $90,341 by year five. Five-year ROI prints 121.96% and total cumulative return in cash totals $132,206.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,446/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
10,454 sqft lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52404, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,968 (100%) |
| Owner Occupied HU | 11,682 (55.7%) |
| Renter Occupied HU | 7,536 (35.9%) |
| Vacant Housing Units | 1,750 ( 8.3%) |
| Median Home Value | $201,736 |
| Average Home Value | $240,149 |
Housing Distribution
Address Breakdown
Residential
19,505
Single Family
14,648
Multi-Family
4,857
Businesses
1,391
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Listed by: Kathryn Greer • DRH Realty Of Iowa, LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2303286
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.