1200 33rd St SECedar RapidsIA52403
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 1200 33rd St SE, Cedar Rapids, IA, 52403 uses $61,294 cash to close to unlock $1,094/yr annual cash flow and $91/mo monthly cash flow. Total monthly income runs $1,292/mo, and a $905/mo payment keeps the spread at $91/mo. Purchase price stands at $184,900, and rental yield measures 8.39% with $1,292/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 112.88% and total cumulative return in cash records $69,187. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,292/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1937
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52403, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,261 (100%) |
| Owner Occupied HU | 7,355 (65.3%) |
| Renter Occupied HU | 2,954 (26.2%) |
| Vacant Housing Units | 952 ( 8.5%) |
| Median Home Value | $240,295 |
| Average Home Value | $311,384 |
Housing Distribution
Address Breakdown
Residential
10,390
Single Family
8,523
Multi-Family
1,867
Businesses
288
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Erickson • CENTURY 21 Signature Real Estate
Mls Name: Iowa City Area AOR
Mls ID: #202600056