1628-30 2nd Ave 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 1628-30 2nd Ave SE, Cedar Rapids, IA, 52403 listed at $125,000 pairs $936/mo rent with a $612/mo payment to leave $124/mo cash flow. Total monthly income runs $936/mo, and annual cash flow reaches $1,488/yr on $41,438 cash to close. Return on cash invested measures 23.5% in year one, and rental yield registers 8.99% at a $125,000 basis. Equity gained on principal adds $807/yr, and annual property appreciation at 5% supports $34,535 by year five. Five-year ROI tracks 122.51% and total cumulative return in cash totals $50,765. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $936/mo property income relative to a $612/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1899
5,600 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: Daniel Seda • Realty87
Mls Name: CRAAR, CDRMLS
Mls ID: #2508788