707 Cedar BndSolonIA52333
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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
Rental property for sale in Solon at 707 Cedar Bnd, Solon, IA, 52333 priced at $919,000 converts $3,794/mo rent into after a $4,498/mo obligation. Total monthly income equals $3,794/mo. Return on cash invested prints 11.43% in year one, and rental yield reads 4.95% against a $919,000 entry. Equity gained on principal adds $5,930/yr, while 5% annual appreciation compiles into $253,903 by year five. Five-year ROI reaches 57.74% and total cumulative return in cash sums $174,589. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,794/mo property income covering a $4,498/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52333, Solon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,033 (100%) |
| Owner Occupied HU | 2,525 (83.3%) |
| Renter Occupied HU | 345 (11.4%) |
| Vacant Housing Units | 163 ( 5.4%) |
| Median Home Value | $386,995 |
| Average Home Value | $538,050 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,840
Multi-Family
74
Businesses
179
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