905 3rd St SE APT 302Cedar 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 302, Cedar Rapids, IA, 52401 earns from $1,384/mo rent with a $1,297/mo payment. Total monthly income totals $1,384/mo. ROI tracks 7.7% on current figures, and rental yield reads 6.27% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 40.49% and total cumulative return in cash sums $35,571. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,384/mo property income instead of your personal income.
Condo
Built in 1946
N/A lot
$N/A/sqft
$557 monthly HOA
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Listed by: Troy Munger • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503855
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