1008 2nd St SECedar RapidsIA52401
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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 1008 2nd St SE, Cedar Rapids, IA, 52401 listed at $540,000 pairs $1,596/mo rent with a $2,643/mo payment. Total monthly income runs $1,596/mo. Return on cash invested measures 5.46% in year one, and rental yield registers 3.55% at a $540,000 basis. Equity gained on principal adds $3,485/yr, and annual property appreciation at 5% supports $149,192 by year five. Five-year ROI tracks 26.36% and total cumulative return in cash totals $46,826. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,596/mo property income relative to a $2,643/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2015
3,640 sqft lot
$N/A/sqft
$250 monthly HOA
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Listed by: Douglas Klinger • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406725
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.