1206 18th St SW, Cedar Rapids, IA, 52404 | $370/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1206 18th St SW, Cedar Rapids, IA, 52404 | $370/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cedar Rapids at 1206 18th St SW, Cedar Rapids, IA, 52404 offers a 10.58% rental yield on a $159,000 purchase with $1,402/mo rent. Total monthly income registers $1,402/mo, and a $778/mo payment leaves $370/mo available for distribution. Annual cash flow reaches $4,435/yr on $52,709 to close, and return on cash invested stands at 28.32% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 148.39% and total cumulative return in cash at $78,216. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,402/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1954

6,011 sqft lot

$N/A/sqft

No HOA

More details about the property

Yes, this listing is coming on the market around Halloween, but we are bucking the spooky trend. Come check out a listing priced under 160k that's not scary! When you see the price and the pictures, you may wonder what it is that you are missing. You will just have to come see for yourself. First, an exterior check will reveal a home with curb appeal, and siding and windows that are in good shape. Combine this with a fenced, flat back yard and it will check some boxes. Of course you will still want to come in. This raised ranch offers three bedrooms on the main, a good sized living room, and an open kitchen. Another positive...a dry basement! It made a lovely first home for the sellers, and should work well as investment property. Now comes a moment of candor, sellers are outgrowing this home and are motivated to make a move fairly soon, and that is why this home is being offered at a small discount. Come see!

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