1053 Center Point Rd 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 1053 Center Point Rd NE, Cedar Rapids, IA, 52402 listed at $138,900 pairs $851/mo rent with a $680/mo payment. Total monthly income runs $851/mo. Return on cash invested measures 18.57% in year one, and rental yield registers 7.35% at a $138,900 basis. Equity gained on principal adds $896/yr, and annual property appreciation at 5% supports $38,376 by year five. Five-year ROI tracks 96.14% and total cumulative return in cash totals $44,269. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $851/mo property income relative to a $680/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
5,270 sqft 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: Austin Wyrick • Burrington Real Estate
Mls Name: CRAAR, CDRMLS
Mls ID: #2600083