1828 Mount Vernon Rd 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 1828 Mount Vernon Rd SE, Cedar Rapids, IA, 52403 earns $506/mo cash flow from $1,447/mo rent with a $709/mo payment. Total monthly income totals $1,447/mo, and annual cash flow totals $6,074/yr on $48,034 capital. ROI tracks 32.55% on current figures, and rental yield reads 11.98% at a $144,900 purchase. Equity gained on principal adds $935/yr, and 5% annual appreciation supports $40,033 over five years. Five-year ROI reaches 171.13% and total cumulative return in cash sums $82,201. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,447/mo property income instead of your personal income.
Single Family
Built in 1916
5,270 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: Randon Hill • Epique Realty
Mls Name: CRAAR, CDRMLS
Mls ID: #2507565