1971 B Ave NECedar RapidsIA52402
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1971 B Ave NE, Cedar Rapids, IA, 52402 offers a 18.5% rental yield on a $153,500 purchase with $2,366/mo rent. Total monthly income registers $2,366/mo, and a $751/mo payment leaves $1,369/mo available for distribution. Annual cash flow reaches $16,433/yr on $50,885 to close, and return on cash invested stands at 52.2% in year one. Equity gained on principal adds $991/yr while 5% annual appreciation supports $42,409 over five years. Portfolio math shows five-year ROI at 276.48% and total cumulative return in cash at $140,689. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,366/mo property income against a $751/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
4,791 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yasmine Rezai • LEPIC-KROEGER, REALTORS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2507074
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.