2614 Dawn 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 2614 Dawn Ave SW, Cedar Rapids, IA, 52404 generates $2,378/mo in rent and, after a $1,505/mo payment, leaves $341/mo in cash flow. Total monthly income is $2,378/mo, and annual cash flow is $4,092/yr on $101,936 invested. Return on cash invested sits at 23.92% in year one, and rental yield is 9.28% on a $307,500 entry. Equity gained on principal adds $1,984/yr, while 5% annual appreciation builds toward $84,957 over five years. Five-year ROI reaches 124.99% and total cumulative return in cash sums $127,407. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,378/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
9,452 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: Liz Efting • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406825
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.