905 3rd St SE APT 508Cedar 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 508, Cedar Rapids, IA, 52401 earns from $959/mo rent with a $697/mo payment. Total monthly income totals $959/mo. ROI tracks 11.58% on current figures, and rental yield reads 8.08% at a $142,500 purchase. Equity gained on principal adds $920/yr, and 5% annual appreciation supports $39,370 over five years. Five-year ROI reaches 61.86% and total cumulative return in cash sums $29,223. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $959/mo property income instead of your personal income.
Condo
Built in 1946
N/A lot
$N/A/sqft
$362 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Candy Wong • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504465
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.