1100 15th St SE,Cedar Rapids,IA,52401

Investment Highlights

Investment property for sale in Cedar Rapids at 1100 15th St SE, Cedar Rapids, IA, 52401 listed at $110,000 pairs $829/mo rent with a $538/mo payment to leave $115/mo cash flow. Total monthly income runs $829/mo, and annual cash flow reaches $1,380/yr on $36,465 cash to close. Return on cash invested measures 23.69% in year one, and rental yield registers 9.04% at a $110,000 basis. Equity gained on principal adds $710/yr, and annual property appreciation at 5% supports $30,391 by year five. Five-year ROI tracks 123.5% and total cumulative return in cash totals $45,036. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $829/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).