2433 8th 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
Rental property for sale in Cedar Rapids at 2433 8th Ave SW, Cedar Rapids, IA, 52404 generates $1,245/mo in rent and, after a $805/mo payment, leaves $177/mo in cash flow. Total monthly income is $1,245/mo, and annual cash flow is $2,122/yr on $54,532 invested. Return on cash invested sits at 23.8% in year one, and rental yield is 9.08% on a $164,500 entry. Equity gained on principal adds $1,061/yr, while 5% annual appreciation builds toward $45,448 over five years. Five-year ROI reaches 124.13% and total cumulative return in cash sums $67,690. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,245/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
7,405 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: Alicia Porter • RE/MAX Concepts
Mls Name: Iowa City Area AOR
Mls ID: #202506813