7599 Summerset Ave 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 7599 Summerset Ave NE, Cedar Rapids, IA, 52402 earns $207/mo cash flow from $1,798/mo rent with a $1,199/mo payment. Total monthly income totals $1,798/mo, and annual cash flow totals $2,486/yr on $81,184 capital. ROI tracks 22.97% on current figures, and rental yield reads 8.81% at a $244,900 purchase. Equity gained on principal adds $1,580/yr, and 5% annual appreciation supports $67,661 over five years. Five-year ROI reaches 119.7% and total cumulative return in cash sums $97,181. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,798/mo property income instead of your personal income.
Condo
Built in 2018
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: Olivia Williams • Iowa Realty
Mls Name: Iowa City Area AOR
Mls ID: #202504851