905 3rd St SE APT 205Cedar RapidsIA52401
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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 905 3rd St SE APT 205, Cedar Rapids, IA, 52401 listed at $290,000 pairs $1,778/mo rent with a $1,419/mo payment. Total monthly income runs $1,778/mo. Return on cash invested measures 11.65% in year one, and rental yield registers 7.36% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 61.43% and total cumulative return in cash totals $59,056. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,778/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1946
N/A lot
$N/A/sqft
$557 monthly HOA
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Listed by: Leslie Berger • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2506591
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.