815 Edward Ct SECedar RapidsIA52403
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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 815 Edward Ct SE, Cedar Rapids, IA, 52403 with 5% annual appreciation on a $135,000 basis while $1,051/mo rent supports operations. Total monthly income totals $1,051/mo and a $661/mo payment preserves $174/mo for cash returns. Annual cash flow comes to $2,088/yr on $44,753 deployed, and return on cash invested reaches 24.57% in year one. Equity gained on principal adds $871/yr, and five-year appreciation sums $37,298 alongside rental yield of 9.34%. Five-year ROI measures 128.25% and total cumulative return in cash totals $57,397.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,051/mo property income versus a $661/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52403, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,261 (100%) |
| Owner Occupied HU | 7,355 (65.3%) |
| Renter Occupied HU | 2,954 (26.2%) |
| Vacant Housing Units | 952 ( 8.5%) |
| Median Home Value | $240,295 |
| Average Home Value | $311,384 |
Housing Distribution
Address Breakdown
Residential
10,390
Single Family
8,523
Multi-Family
1,867
Businesses
288
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Listed by: Bonnie Tiernan • Realty87
Mls Name: Iowa City Area AOR
Mls ID: #202504790