1402 North St, Cedar Rapids, IA, 52404 | $142/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1402 North St, Cedar Rapids, IA, 52404 | $142/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 1402 North St, Cedar Rapids, IA, 52404 with 5% annual appreciation on a $124,900 basis while $953/mo rent supports operations. Total monthly income totals $953/mo and a $611/mo payment preserves $142/mo for cash returns. Annual cash flow comes to $1,706/yr on $41,404 deployed, and return on cash invested reaches 24.03% in year one. Equity gained on principal adds $806/yr, and five-year appreciation sums $34,508 alongside rental yield of 9.16%. Five-year ROI measures 125.46% and total cumulative return in cash totals $51,946.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $953/mo property income versus a $611/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1906

4,704 sqft lot

$N/A/sqft

No HOA

More details about the property

This rare 4-bedroom, 2-bath home offers exceptional value and modern updates, making it a perfect choice for families or individuals seeking comfort and convenience. The home features a handicapped accessible ramp off the kitchen, ensuring accessibility for all. Recent updates in 2024 include a new roof, new flooring, fresh paint, and new lighting throughout the home, along with new plumbing and updated electrical systems. The kitchen has been updated, and the foundation has been tuckpointed. The first-floor master bedroom and first-floor laundry provide convenience, with full baths available on both the first and second levels. The spacious and updated front porch offers a welcoming entrance, and the yard has ample room to add a 2+ car garage. The LL is clean and dry and the floor has been painted. Lots of room for storage. Dont miss out on this beautifully updated home! Owner is licensed realtor in Iowa.

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