1608 B Ave 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
Investment property for sale in Cedar Rapids at 1608 B Ave NE, Cedar Rapids, IA, 52402 listed at $145,000 pairs $1,501/mo rent with a $710/mo payment to leave $559/mo cash flow. Total monthly income runs $1,501/mo, and annual cash flow reaches $6,708/yr on $48,068 cash to close. Return on cash invested measures 33.86% in year one, and rental yield registers 12.42% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 178.07% and total cumulative return in cash totals $85,592. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,501/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1905
7,405 sqft 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: Zack Phillips • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls ID: #2506799