361 31st 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 361 31st St NW, Cedar Rapids, IA, 52405 listed at $192,000 pairs $1,447/mo rent with a $940/mo payment to leave $200/mo cash flow. Total monthly income runs $1,447/mo, and annual cash flow reaches $2,398/yr on $63,648 cash to close. Return on cash invested measures 23.68% in year one, and rental yield registers 9.04% at a $192,000 basis. Equity gained on principal adds $1,239/yr, and annual property appreciation at 5% supports $53,046 by year five. Five-year ROI tracks 123.44% and total cumulative return in cash totals $78,568. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,447/mo property income relative to a $940/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
6,300 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: Sheryl Jahnel • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls ID: #2509822