270 Miller Ave SW, Cedar Rapids, IA, 52404 | $425/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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270 Miller Ave SW, Cedar Rapids, IA, 52404 | $425/mo Cash Flow | Ziffy

For Sale

Listed for sale 6 days ago

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 270 Miller Ave SW, Cedar Rapids, IA, 52404 uses $59,637 cash to close to unlock $5,102/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $1,594/mo, and a $881/mo payment keeps the spread at $425/mo. Purchase price stands at $179,900, and rental yield measures 10.63% with $1,594/mo rent. Return on cash invested shows 28.46% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 149.2% and total cumulative return in cash records $88,977. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,594/mo property income covering a $881/mo payment rather than investor’s personal income.

Single Family

Built in 1955

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for an affordable home thats already been done for you? 270 Miller Ave SW has been fully remodeled and is move-in ready. The home features a refreshed interior with new kitchen cabinets, updated appliances, and a functional layout that makes the most of the space. A detached 1-car garage adds convenience and extra storage. Whether youre looking for a solid starter home or a rental-ready property, this one checks the boxes without the renovation headaches. You're going to love the spacious backyard, the perfect canvas for your ideal backyard escape. Close to schools, shopping, and easy access to I-380 and Hwy 30! Take a look before its gone. *Please note some photos are virtually staged*

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