1241 74th 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
Investment property for sale in Cedar Rapids at 1241 74th St NE, Cedar Rapids, IA, 52402 listed at $242,000 pairs $1,668/mo rent with a $1,184/mo payment to leave $97/mo cash flow. Total monthly income runs $1,668/mo, and annual cash flow reaches $1,162/yr on $80,223 cash to close. Return on cash invested measures 21.36% in year one, and rental yield registers 8.27% at a $242,000 basis. Equity gained on principal adds $1,562/yr, and annual property appreciation at 5% supports $66,860 by year five. Five-year ROI tracks 111% and total cumulative return in cash totals $89,046. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,668/mo property income relative to a $1,184/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
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: Matt Ford • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls ID: #2509443