850 Kerry Ln SE APT 24Cedar 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 850 Kerry Ln SE APT 24, Cedar Rapids, IA, 52403 uses $39,283 cash to close to unlock $5,657/yr annual cash flow and $471/mo monthly cash flow. Total monthly income runs $1,451/mo, and a $580/mo payment keeps the spread at $471/mo. Purchase price stands at $118,500, and rental yield measures 14.69% with $1,451/mo rent. Return on cash invested shows 34.31% in year one, and 5% annual appreciation builds toward $32,739 over five years. Five-year ROI reaches 182.87% and total cumulative return in cash records $71,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,451/mo property income covering a $580/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
$2,520 annually 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: Raymond Siddell • Keller Williams Legacy Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202500318
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.