1004 10th St SW, Cedar Rapids, IA, 52404 | $368/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1004 10th St SW, Cedar Rapids, IA, 52404 | $368/mo Cash Flow | Ziffy

For Sale

Listed for sale 1 day ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Cedar Rapids at 1004 10th St SW, Cedar Rapids, IA, 52404 generates $1,505/mo in rent and, after a $857/mo payment, leaves $368/mo in cash flow. Total monthly income is $1,505/mo, and annual cash flow is $4,416/yr on $58,013 invested. Return on cash invested sits at 27.52% in year one, and rental yield is 10.32% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 144.06% and total cumulative return in cash sums $83,575. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,505/mo property income rather than buyer’s personal income.

Single Family

Built in 1900

5,619 sqft lot

$N/A/sqft

No HOA

More details about the property

This home just feels good the moment you walk in. Fresh paint, new flooring, and brand new vinyl windows give every room a clean, updated feel, plus a brand new furnace installed this year. The remodeled kitchen has butcher block counters and high end appliances that stay with the home. The main floor bedroom sits right off the bathroom and laundry room for simple everyday living. Upstairs, youll find two additional bedrooms with great storage and a convenient half bath. Outside, the 816 sq ft garage offers the kind of space many people look for, plus an attached shed for even more room. A newly poured driveway leads all the way to the backyard. And with downtown Cedar Rapids and the Kernels stadium close by, youre near plenty to enjoy. If this sounds like your kind of place, come see it soon.

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