716 F Ave 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 716 F Ave NW, Cedar Rapids, IA, 52405 uses $66,201 cash to close to unlock $2,610/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,514/mo, and a $977/mo payment keeps the spread at $217/mo. Purchase price stands at $199,700, and rental yield measures 9.1% with $1,514/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $55,173 over five years. Five-year ROI reaches 124.42% and total cumulative return in cash records $82,366. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,514/mo property income covering a $977/mo payment rather than investor’s personal income.
Single Family
Built in 1921
5,227 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: Steve Eden • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls ID: #2509584