2135 1st Ave SE APT 215Cedar 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
Total monthly income runs $1,201/mo, and a $856/mo payment. Purchase price stands at $174,900, and rental yield measures 8.24% with $1,201/mo rent. Return on cash invested shows 13.37% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 71.13% and total cumulative return in cash records $41,244. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,201/mo property income covering a $856/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$4,572 annually 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: Cory Rath • Keller Williams Advantage
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202504686
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.