1349 36th St SECedar RapidsIA52403
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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 1349 36th St SE, Cedar Rapids, IA, 52403 uses $62,654 cash to close to unlock $4,627/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $1,613/mo, and a $925/mo payment keeps the spread at $386/mo. Purchase price stands at $189,000, and rental yield measures 10.24% with $1,613/mo rent. Return on cash invested shows 27.29% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 142.86% and total cumulative return in cash records $89,506. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,613/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1961
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52403, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,261 (100%) |
| Owner Occupied HU | 7,355 (65.3%) |
| Renter Occupied HU | 2,954 (26.2%) |
| Vacant Housing Units | 952 ( 8.5%) |
| Median Home Value | $240,295 |
| Average Home Value | $311,384 |
Housing Distribution
Address Breakdown
Residential
10,390
Single Family
8,523
Multi-Family
1,867
Businesses
288
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Listed by: Heather Aswegan • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls ID: #2509577