1342 22nd Ave SW, Cedar Rapids, IA, 52404 | $161/mo Cash Flow

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1342 22nd Ave SW, Cedar Rapids, IA, 52404 | $161/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cedar Rapids at 1342 22nd Ave SW, Cedar Rapids, IA, 52404 earns $161/mo cash flow from $1,160/mo rent with a $753/mo payment. Total monthly income totals $1,160/mo, and annual cash flow totals $1,931/yr on $50,985 capital. ROI tracks 23.7% on current figures, and rental yield reads 9.05% at a $153,800 purchase. Equity gained on principal adds $992/yr, and 5% annual appreciation supports $42,492 over five years. Five-year ROI reaches 123.56% and total cumulative return in cash sums $62,999. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,160/mo property income instead of your personal income.

Single Family

Built in 1958

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Nicely updated 5 bedroom home with large, fenced yard. New flooring in most rooms. AC just updated. Kitchen renovated recently with deep sink, goose neck faucet, new flooring, painted cabinets and is trendy, open and airy. Tons of character and lots of space for people to spread out. The covered side deck is a perfect spot to BBQ or enjoy your coffee in the morning. The primary bedroom is large and offers multiple closets. The main level features brand new carpet, a split bedroom floor plan and an updated full bath. The lower level includes a rec room large enough for a pool table and seating area and 2 non-conforming rooms used previously as bedrooms. These could also be great work out rooms, a home office, or a teen/guest room. The lower level also offers a spacious laundry & storage room, too. For even more value the washer and dryer stay. Looking to expand your home business, this would be a great home for a daycare set up with the covered side entrance. Or a nice home to add to a rental landlord portfolio. Easy central area to commute from. Buyer to confirm schools and sqft. Sold As Is, any inspections are for Buyer's information. $1000 non-refundable earnest money if Seller does updates or modifications to the property for the Buyer to purchase. Garage is sold as is and has 0 value for loan purposes. 24 hr Seller response time.

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