2600 Mount Vernon Rd 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 2600 Mount Vernon Rd SE, Cedar Rapids, IA, 52403 listed at $193,500 pairs $1,715/mo rent with a $947/mo payment to leave $458/mo cash flow. Total monthly income runs $1,715/mo, and annual cash flow reaches $5,501/yr on $64,145 cash to close. Return on cash invested measures 28.48% in year one, and rental yield registers 10.64% at a $193,500 basis. Equity gained on principal adds $1,249/yr, and annual property appreciation at 5% supports $53,460 by year five. Five-year ROI tracks 149.26% and total cumulative return in cash totals $95,743. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,715/mo property income relative to a $947/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
6,141 sqft 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: Randy Richter • RUHL & RUHL REALTORS®
Mls Name: CRAAR, CDRMLS
Mls ID: #2507394