2117 Hamilton St SWCedar RapidsIA52404
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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 2117 Hamilton St SW, Cedar Rapids, IA, 52404 uses $53,007 cash to close to unlock $2,870/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $1,278/mo, and a $783/mo payment keeps the spread at $239/mo. Purchase price stands at $159,900, and rental yield measures 9.59% with $1,278/mo rent. Return on cash invested shows 25.32% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 132.38% and total cumulative return in cash records $70,170. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,278/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1952
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52404, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,968 (100%) |
| Owner Occupied HU | 11,682 (55.7%) |
| Renter Occupied HU | 7,536 (35.9%) |
| Vacant Housing Units | 1,750 ( 8.3%) |
| Median Home Value | $201,736 |
| Average Home Value | $240,149 |
Housing Distribution
Address Breakdown
Residential
19,505
Single Family
14,648
Multi-Family
4,857
Businesses
1,391
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Listed by: Paul Ellis • RE/MAX Affiliates
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503400
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. Listing information is deemed reliable, but not guaranteed accurate by the MLS.