347 24th 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
Investment property for sale in Cedar Rapids at 347 24th Ave SW, Cedar Rapids, IA, 52404 uses $79,892 cash to close to unlock $11,645/yr annual cash flow and $970/mo monthly cash flow. Total monthly income runs $2,536/mo, and a $1,180/mo payment keeps the spread at $970/mo. Purchase price stands at $241,000, and rental yield measures 12.63% with $2,536/mo rent. Return on cash invested shows 34.48% in year one, and 5% annual appreciation builds toward $66,584 over five years. Five-year ROI reaches 181.45% and total cumulative return in cash records $144,964. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,536/mo property income covering a $1,180/mo payment rather than investor’s personal income.
Single Family
Built in 1947
0.42 Acres 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: Scott Rosekrans-Rosekrans Stines Team • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2506813
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.