2210 18th St SW, Cedar Rapids, IA, 52404 | $501/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2210 18th St SW, Cedar Rapids, IA, 52404 | $501/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cedar Rapids at 2210 18th St SW, Cedar Rapids, IA, 52404 offers a 11.62% rental yield on a $157,000 purchase with $1,520/mo rent. Total monthly income registers $1,520/mo, and a $768/mo payment leaves $501/mo available for distribution. Annual cash flow reaches $6,010/yr on $52,046 to close, and return on cash invested stands at 31.46% in year one. Equity gained on principal adds $1,013/yr while 5% annual appreciation supports $43,376 over five years. Portfolio math shows five-year ROI at 165.15% and total cumulative return in cash at $85,952. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,520/mo property income against a $768/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1956

N/A lot

$N/A/sqft

No HOA

More details about the property

This home being sold together with 1810 Wilson Ave SW. Total asking price is $227,000. More photos coming. This house is a work-in-progress. A few projects are nearly complete. Priced just under tax assessed value due to needed updates. You'll love three things about this home. The spacious 24x48' garage with oversized door for your big toys. The new, beautiful kitchen. And the income stream for the house next door. That home currently rented at $500/month. The tenant has lived there for many years. He's not often home. LVT throughout. A sunken living room with gas fireplace. Two big bay windows for your green thumb. Master bedroom has en suite bathroom with walk-in closet. What else can I tell you?

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