350 17th St SECedar RapidsIA52403
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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 350 17th St SE, Cedar Rapids, IA, 52403 uses $36,465 cash to close to unlock $1,756/yr annual cash flow and $146/mo monthly cash flow. Total monthly income runs $862/mo, and a $538/mo payment keeps the spread at $146/mo. Purchase price stands at $109,999, and rental yield measures 9.4% with $862/mo rent. Return on cash invested shows 24.73% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 129.16% and total cumulative return in cash records $47,099. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $862/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1905
2,613 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
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Listed by: TJ Kopet • Edge Realty Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202406557
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.