913 Deer Run Dr NECedar RapidsIA52402
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 913 Deer Run Dr NE, Cedar Rapids, IA, 52402 listed at $270,000 pairs $2,578/mo rent with a $1,322/mo payment to leave $824/mo cash flow. Total monthly income runs $2,578/mo, and annual cash flow reaches $9,888/yr on $89,505 cash to close. Return on cash invested measures 30.96% in year one, and rental yield registers 11.46% at a $270,000 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,596 by year five. Five-year ROI tracks 162.47% and total cumulative return in cash totals $145,417. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,578/mo property income relative to a $1,322/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,282 (100%) |
| Owner Occupied HU | 11,711 (60.7%) |
| Renter Occupied HU | 6,275 (32.5%) |
| Vacant Housing Units | 1,296 ( 6.7%) |
| Median Home Value | $208,064 |
| Average Home Value | $237,802 |
Housing Distribution
Address Breakdown
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Callahan • RE/MAX Concepts
Mls Name: Iowa City Area AOR
Mls ID: #202505152