332 Carter St NWCedar RapidsIA52405
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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 332 Carter St NW, Cedar Rapids, IA, 52405 with 5% annual appreciation on a $195,000 basis while $1,687/mo rent supports operations. Total monthly income totals $1,687/mo and a $954/mo payment preserves $421/mo for cash returns. Annual cash flow comes to $5,052/yr on $64,643 deployed, and return on cash invested reaches 27.72% in year one. Equity gained on principal adds $1,258/yr, and five-year appreciation sums $53,875 alongside rental yield of 10.38%. Five-year ROI measures 145.13% and total cumulative return in cash totals $93,814.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,687/mo property income versus a $954/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
7,056 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,239 (100%) |
| Owner Occupied HU | 7,767 (69.1%) |
| Renter Occupied HU | 2,888 (25.7%) |
| Vacant Housing Units | 584 ( 5.2%) |
| Median Home Value | $199,987 |
| Average Home Value | $230,161 |
Housing Distribution
Address Breakdown
Residential
11,162
Single Family
9,355
Multi-Family
1,807
Businesses
256
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Listed by: Diona Carpenter • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls ID: #2600067