223 26th Ave 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 223 26th Ave SW, Cedar Rapids, IA, 52404 listed at $215,000 pairs $2,062/mo rent with a $1,052/mo payment to leave $666/mo cash flow. Total monthly income runs $2,062/mo, and annual cash flow reaches $7,992/yr on $71,273 cash to close. Return on cash invested measures 31.12% in year one, and rental yield registers 11.51% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 163.35% and total cumulative return in cash totals $116,425. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,062/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1966
9,147 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: Jill Hartke • CENTURY 21 Signature Real Estate
Mls Name: Iowa City Area AOR
Mls ID: #202505417