1244 19th Ave SWCedar RapidsIA52404
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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 1244 19th Ave SW, Cedar Rapids, IA, 52404 uses $52,543 cash to close to unlock $2,153/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $1,209/mo, and a $776/mo payment keeps the spread at $179/mo. Purchase price stands at $158,500, and rental yield measures 9.15% with $1,209/mo rent. Return on cash invested shows 24.01% in year one, and 5% annual appreciation builds toward $43,791 over five years. Five-year ROI reaches 125.24% and total cumulative return in cash records $65,807. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,209/mo property income covering a $776/mo payment rather than investor’s personal income.
Single Family
Built in 1940
5,619 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,505
Single Family
14,648
Multi-Family
4,857
Businesses
1,391
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Listed by: Jake Blumer • Cedar Valley Property Solutions-Charles City
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20260019