Covington - Heritage Plan, Country RidgeCedar RapidsIA52405
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
Total monthly income equals $2,633/mo, and annual cash flow totals $4,478/yr on $115,362 invested. Return on cash invested prints 23.79% in year one, and rental yield reads 9.08% against a $348,000 entry. Equity gained on principal adds $2,246/yr, while 5% annual appreciation compiles into $96,146 by year five. Five-year ROI reaches 124.08% and total cumulative return in cash sums $143,146. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,633/mo property income covering a $1,703/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,239 (100%) |
| Owner Occupied HU | 7,767 (69.1%) |
| Renter Occupied HU | 2,888 (25.7%) |
| Vacant Housing Units | 584 ( 5.2%) |
| Median Home Value | $199,987 |
| Average Home Value | $230,161 |
Housing Distribution
Address Breakdown
Residential
11,162
Single Family
9,355
Multi-Family
1,807
Businesses
256
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Skogman Homes
Mls Name: Skogman Homes
Mls ID: #N/A