2445 Glass Rd NE, Cedar Rapids, IA, 52402 | $646/mo Cash Flow

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2445 Glass Rd NE, Cedar Rapids, IA, 52402 | $646/mo Cash Flow | Ziffy

For Sale

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 2445 Glass Rd NE, Cedar Rapids, IA, 52402 uses $86,157 cash to close to unlock $7,754/yr annual cash flow and $646/mo monthly cash flow. Total monthly income runs $2,334/mo, and a $1,272/mo payment keeps the spread at $646/mo. Purchase price stands at $259,900, and rental yield measures 10.78% with $2,334/mo rent. Return on cash invested shows 28.91% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 151.55% and total cumulative return in cash records $130,570. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,334/mo property income covering a $1,272/mo payment rather than investor’s personal income.

Single Family

Built in 1975

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Open House Sunday 3:00 to 4:30pm. Located on Glass Rd NE a home with endless opportunities to add your personal touches to the home. One Owner Property. 4 bedroom, 2 full baths and 2 half baths. Formal Dining Area. Great kitchen design, pantry with newer dishwasher. With pride the owner had completed many updates to the home including kitchen cabinets, under mount sink with granite counter tops. Hardwood flooring in kitchen, dining and front entry. Updated half bath on the main level. Both the upper level primary bath and main bath were also updated. Lower level walk-out with large rec room with wood burning built-in fireplace and shelving. The County Assessors identifies lower level with a 4th Bedroom. Lower level has a laundry room with half bath. Backyard has endless opportunities. Owner had a green thumb but the back yard needs a little TLC. Large deck with fully operating telescoping canvas awning with remote to shade a large area of the deck. Two car garage with steps to a loft for additional storage. The Estate Is Selling The Home As Is Condition. Buyers Are Allowed to Inspect The Home.

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