1118 2nd Ave SWCedar RapidsIA52404
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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
Rental property for sale in Cedar Rapids at 1118 2nd Ave SW, Cedar Rapids, IA, 52404 generates $852/mo in rent and, after a $538/mo payment, leaves $138/mo in cash flow. Total monthly income is $852/mo, and annual cash flow is $1,658/yr on $36,432 invested. Return on cash invested sits at 24.46% in year one, and rental yield is 9.3% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 127.81% and total cumulative return in cash sums $46,564. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $852/mo property income rather than buyer’s personal income.
Single Family
Built in 1902
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52404, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,968 (100%) |
| Owner Occupied HU | 11,682 (55.7%) |
| Renter Occupied HU | 7,536 (35.9%) |
| Vacant Housing Units | 1,750 ( 8.3%) |
| Median Home Value | $201,736 |
| Average Home Value | $240,149 |
Housing Distribution
Address Breakdown
Residential
19,505
Single Family
14,648
Multi-Family
4,857
Businesses
1,391
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Listed by: Tyler Donahue • Realty87
Mls Name: CRAAR, CDRMLS
Mls ID: #2509451