4004 Soutter Ave SECedar RapidsIA52403
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4004 Soutter Ave SE, Cedar Rapids, IA, 52403 earns $384/mo cash flow from $1,490/mo rent with a $798/mo payment. Total monthly income totals $1,490/mo, and annual cash flow totals $4,604/yr on $54,035 capital. ROI tracks 28.43% on current figures, and rental yield reads 10.97% at a $163,000 purchase. Equity gained on principal adds $1,052/yr, and 5% annual appreciation supports $45,034 over five years. Five-year ROI reaches 149.34% and total cumulative return in cash sums $80,695. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,490/mo property income instead of your personal income.
Single Family
Built in 1964
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cora Nunemaker • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406802
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.