Lewis- Heritage Plan, Bowman MeadowsCedar RapidsIA52402
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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 Lewis- Heritage Plan, Bowman Meadows, Cedar Rapids, IA, 52402 with 5% annual appreciation on a $490,000 basis while $3,536/mo rent supports operations. Total monthly income totals $3,536/mo and a $2,398/mo payment preserves $354/mo for cash returns. Annual cash flow comes to $4,248/yr on $162,435 deployed, and return on cash invested reaches 22.52% in year one. Equity gained on principal adds $3,162/yr, and five-year appreciation sums $135,378 alongside rental yield of 8.66%. Five-year ROI measures 117.26% and total cumulative return in cash totals $190,464.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,536/mo property income versus a $2,398/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
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
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Listed by: N/A • Skogman Homes
Mls Name: Skogman Homes
Mls ID: #N/A