1019 Acacia 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 1019 Acacia Dr NE, Cedar Rapids, IA, 52402 uses $66,300 cash to close to unlock $8,200/yr annual cash flow and $683/mo monthly cash flow. Total monthly income runs $2,312/mo, and a $979/mo payment keeps the spread at $683/mo. Purchase price stands at $200,000, and rental yield measures 13.87% with $2,312/mo rent. Return on cash invested shows 32.28% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 171.78% and total cumulative return in cash records $113,888. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,312/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 2011
N/A lot
$N/A/sqft
$210 monthly 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: Heather Morris • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2508823
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.