51 Oklahoma 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
Rental property for sale in Cedar Rapids at 51 Oklahoma Ave SW, Cedar Rapids, IA, 52404 priced at $200,000 converts $1,739/mo rent into $440/mo cash flow after a $979/mo obligation. Total monthly income equals $1,739/mo, and annual cash flow totals $5,280/yr on $66,300 invested. Return on cash invested prints 27.87% in year one, and rental yield reads 10.43% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 145.95% and total cumulative return in cash sums $96,764. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,739/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.29 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: Kyle Robinson • Epique
Mls Name: Iowa City Area AOR
Mls ID: #202506744