243 34th Street Dr SECedar RapidsIA52403
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 243 34th Street Dr SE, Cedar Rapids, IA, 52403 uses $55,825 cash to close to unlock $3,223/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $1,362/mo, and a $824/mo payment keeps the spread at $269/mo. Purchase price stands at $168,400, and rental yield measures 9.71% with $1,362/mo rent. Return on cash invested shows 25.68% in year one, and 5% annual appreciation builds toward $46,526 over five years. Five-year ROI reaches 134.24% and total cumulative return in cash records $74,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,362/mo property income covering a $824/mo payment rather than investor’s personal income.
Single Family
Built in 1916
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52403, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,261 (100%) |
| Owner Occupied HU | 7,355 (65.3%) |
| Renter Occupied HU | 2,954 (26.2%) |
| Vacant Housing Units | 952 ( 8.5%) |
| Median Home Value | $240,295 |
| Average Home Value | $311,384 |
Housing Distribution
Address Breakdown
Residential
10,390
Single Family
8,523
Multi-Family
1,867
Businesses
288
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Skogman Realty
Mls Provider:
Mls ID: #2503188