135 31st St NWCedar RapidsIA52405
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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 135 31st St NW, Cedar Rapids, IA, 52405 uses $80,223 cash to close to unlock $6,658/yr annual cash flow and $555/mo monthly cash flow. Total monthly income runs $2,126/mo, and a $1,184/mo payment keeps the spread at $555/mo. Purchase price stands at $242,000, and rental yield measures 10.54% with $2,126/mo rent. Return on cash invested shows 28.21% in year one, and 5% annual appreciation builds toward $66,860 over five years. Five-year ROI reaches 147.74% and total cumulative return in cash records $118,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,126/mo property income covering a $1,184/mo payment rather than investor’s personal income.
Single Family
Built in 1969
8,624 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,239 (100%) |
| Owner Occupied HU | 7,767 (69.1%) |
| Renter Occupied HU | 2,888 (25.7%) |
| Vacant Housing Units | 584 ( 5.2%) |
| Median Home Value | $199,987 |
| Average Home Value | $230,161 |
Housing Distribution
Address Breakdown
Residential
11,162
Single Family
9,355
Multi-Family
1,807
Businesses
256
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Listed by: Mike Schulte • Realty87
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503456
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.