1458 Tower Ln NE UNIT 12, Cedar Rapids, IA, 52402 | $274/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1458 Tower Ln NE UNIT 12, Cedar Rapids, IA, 52402 | $274/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 1458 Tower Ln NE UNIT 12, Cedar Rapids, IA, 52402 uses $69,615 cash to close to unlock $3,288/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,638/mo, and a $1,028/mo payment keeps the spread at $274/mo. Purchase price stands at $210,000, and rental yield measures 9.36% with $1,638/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 128.56% and total cumulative return in cash records $89,500. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,638/mo property income covering a $1,028/mo payment rather than investor’s personal income.

Condo

Built in 2009

N/A lot

$N/A/sqft

No HOA

More details about the property

Clean, comfortable, and ready for a new owner! This updated 2 bedroom, 2 bath ranch condo shines in a convenient NE location, close to schools, shopping, dining, parks, nature trails, and more! Step inside to fresh interior paint, all NEW windows on the main floor, NEW LVP flooring throughout, and upgraded window treatments for energy efficiency and quiet living. Spacious living room with plenty of natural light from the sliding door, leading to the NEW maintenance-free private deck. Daily dining area adjacent to the kitchen with espresso cabinets, breakfast bar, stainless steel appliances, a display nook, and storage pantry. Convenient laundry zone off the kitchen and a full bath in the hallway. Two bedrooms on the main level, one with double closets and a walk-in tub. Downstairs, the unfinished basement makes great storage space, home gym, hobby area, or finish it to your liking for instant equity. Two car attached garage and Linn-Mar Schools. Welcome home!

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