1402 North StCedar RapidsIA52404
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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 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
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 |
Housing Distribution
Address Breakdown
Residential
19,505
Single Family
14,648
Multi-Family
4,857
Businesses
1,391
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Listed by: David Pitts • PRK Williams Realty
Mls Name: CRAAR, CDRMLS
Mls ID: #2504463