1060 17th St NE, Cedar Rapids, IA, 52402 | $355/mo Cash Flow

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1060 17th St NE, Cedar Rapids, IA, 52402 | $355/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Cedar Rapids at 1060 17th St NE, Cedar Rapids, IA, 52402 offers a 10.54% rental yield on a $154,900 purchase with $1,361/mo rent. Total monthly income registers $1,361/mo, and a $758/mo payment leaves $355/mo available for distribution. Annual cash flow reaches $4,262/yr on $51,349 to close, and return on cash invested stands at 28.21% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,796 over five years. Portfolio math shows five-year ROI at 147.85% and total cumulative return in cash at $75,920. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,361/mo property income against a $758/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1950

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Step inside this charming 2-bedroom, 1-bath home and instantly feel the warmth of natural light streaming through every window. The cozy living room invites you to unwind after a long day, while the walk-up attic and basement provide endless options for storageor even future creativity. Outside, the corner lot shines with a spacious fenced backyard perfect for pets, play, or entertaining. Picture mornings with coffee on the patio, and evenings gathered around the fire under the stars. Conveniently located near Mount Mercy College, this home offers unbeatable access to campus, shopping, dining, and all the local amenities you could ask for. Whether youre looking for your first home, a smart investment, or a cozy spot to downsize, this property checks all the boxes: comfortable, convenient, and affordablewrapped up in a location youll love.

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