721 Broderick Dr NE UNIT CCedar 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
Rental property for sale in Cedar Rapids at 721 Broderick Dr NE UNIT C, Cedar Rapids, IA, 52402 priced at $155,000 pairs $1,793/mo rent with $786/mo cash flow after a $759/mo payment. Total monthly income equals $1,793/mo, and annual cash flow comes to $9,432/yr on $51,383 invested. Return on cash invested is 38.27% in year one, and rental yield stands at 13.88% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 201.69% and total cumulative return in cash reaches $103,636. For financing, Ziffy Mortgage’s DSCR program evaluates $1,793/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2003
N/A lot
$N/A/sqft
No 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: Brian Hoel • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls ID: #2507995