718 Dorchester Pl 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 718 Dorchester Pl NE, Cedar Rapids, IA, 52402 earns $113/mo cash flow from $1,895/mo rent with a $1,174/mo payment. Total monthly income totals $1,895/mo, and annual cash flow totals $1,351/yr on $79,527 capital. ROI tracks 21.61% on current figures, and rental yield reads 9.48% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 113.6% and total cumulative return in cash sums $90,343. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,895/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$150 monthly 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: Bonnie Tiernan • Coldwell Banker Hedges Corridor
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202403653
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.