1238 Ellis Blvd NWCedar RapidsIA52405
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 1238 Ellis Blvd NW, Cedar Rapids, IA, 52405 at $155,000 posts ROI 25.26% with $229/mo cash flow from $1,236/mo rent. Total monthly income equals $1,236/mo, and annual cash flow records $2,748/yr on $51,383 to close. Return on cash invested measures 25.26% and rental yield reads 9.57% at the current $155,000. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 by year five. Five-year ROI prints 131.89% and total cumulative return in cash totals $67,768.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,236/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,239 (100%) |
| Owner Occupied HU | 7,767 (69.1%) |
| Renter Occupied HU | 2,888 (25.7%) |
| Vacant Housing Units | 584 ( 5.2%) |
| Median Home Value | $199,987 |
| Average Home Value | $230,161 |
Housing Distribution
Address Breakdown
Residential
11,162
Single Family
9,355
Multi-Family
1,807
Businesses
256
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Listed by: Matthew Lepic • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls ID: #202600402