1709 Texas 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 1709 Texas Ave NE, Cedar Rapids, IA, 52402 uses $46,543 cash to close to unlock $797/yr annual cash flow and $66/mo monthly cash flow. Total monthly income runs $1,085/mo, and a $687/mo payment keeps the spread at $66/mo. Purchase price stands at $140,400, and rental yield measures 9.27% with $1,085/mo rent. Return on cash invested shows 21.62% in year one, and 5% annual appreciation builds toward $38,790 over five years. Five-year ROI reaches 113.48% and total cumulative return in cash records $52,816. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,085/mo property income covering a $687/mo payment rather than investor’s personal income.
Single Family
Built in 1957
7,187 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: Diana Beschorner • Fusion, REALTORS
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20244111
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 2024-02-12 13:19:33 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.