832 Daniels St NECedar RapidsIA52402
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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 832 Daniels St NE, Cedar Rapids, IA, 52402 priced at $163,000 pairs $1,522/mo rent with $463/mo cash flow after a $798/mo payment. Total monthly income equals $1,522/mo, and annual cash flow comes to $5,558/yr on $54,035 invested. Return on cash invested is 30.2% in year one, and rental yield stands at 11.2% on a $163,000 basis. Equity gained on principal adds $1,052/yr, and 5% annual appreciation accumulates to $45,034 by year five. Five-year ROI measures 158.47% and total cumulative return in cash reaches $85,627. For financing, Ziffy Mortgage’s DSCR program evaluates $1,522/mo property income against a $798/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,282 (100%) |
| Owner Occupied HU | 11,711 (60.7%) |
| Renter Occupied HU | 6,275 (32.5%) |
| Vacant Housing Units | 1,296 ( 6.7%) |
| Median Home Value | $208,064 |
| Average Home Value | $237,802 |
Housing Distribution
Address Breakdown
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
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Listed by: Ashley Rance • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2507814
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.