407 7th 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 407 7th Ave SW, Cedar Rapids, IA, 52404 uses $52,046 cash to close to unlock $12,130/yr annual cash flow and $1,011/mo monthly cash flow. Total monthly income runs $2,030/mo, and a $768/mo payment keeps the spread at $1,011/mo. Purchase price stands at $157,000, and rental yield measures 15.52% with $2,030/mo rent. Return on cash invested shows 43.21% in year one, and 5% annual appreciation builds toward $43,376 over five years. Five-year ROI reaches 228.23% and total cumulative return in cash records $118,784. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,030/mo property income covering a $768/mo payment rather than investor’s personal income.
Single Family
Built in 1905
7,448 sqft 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: Brittany Schinstock • Realty87
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503979
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.