1231 Center St NECedar RapidsIA52402
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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 1231 Center St NE, Cedar Rapids, IA, 52402 priced at $215,000 converts $2,063/mo rent into $667/mo cash flow after a $1,052/mo obligation. Total monthly income equals $2,063/mo, and annual cash flow totals $8,004/yr on $71,273 invested. Return on cash invested prints 31.14% in year one, and rental yield reads 11.51% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 163.44% and total cumulative return in cash sums $116,485. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,063/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1955
N/A 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
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Listed by: Halea Hartke • Century 21 Signature Real Estate
Mls Name: CRAAR, CDRMLS
Mls ID: #2507229