2518 1st Ave NECedar RapidsIA52402
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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 2518 1st Ave NE, Cedar Rapids, IA, 52402 offers a 12.89% rental yield on a $206,835 purchase with $2,221/mo rent. Total monthly income registers $2,221/mo, and a $1,012/mo payment leaves $842/mo available for distribution. Annual cash flow reaches $10,109/yr on $68,566 to close, and return on cash invested stands at 34.65% in year one. Equity gained on principal adds $1,335/yr while 5% annual appreciation supports $57,145 over five years. Portfolio math shows five-year ROI at 182.57% and total cumulative return in cash at $125,178. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,221/mo property income against a $1,012/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,840 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
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Listed by: Ashley Bermel • Urban Acres Real Estate
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202504529
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.