1261 Elmhurst Dr 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 1261 Elmhurst Dr NE, Cedar Rapids, IA, 52402 generates $2,023/mo in rent and, after a $1,125/mo payment, leaves $530/mo in cash flow. Total monthly income is $2,023/mo, and annual cash flow is $6,365/yr on $76,162 invested. Return on cash invested sits at 28.27% in year one, and rental yield is 10.57% on a $229,750 entry. Equity gained on principal adds $1,483/yr, while 5% annual appreciation builds toward $63,476 over five years. Five-year ROI reaches 148.09% and total cumulative return in cash sums $112,788. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,023/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
0.35 Acres 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: Michelle Erickson • CENTURY 21 Signature Real Estate
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202505085
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.