202 S 2nd StCedar RapidsNE68627
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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
Rental property for sale in Cedar Rapids at 202 S 2nd St, Cedar Rapids, NE, 68627 priced at $135,000 pairs $1,258/mo rent with $346/mo cash flow after a $661/mo payment. Total monthly income equals $1,258/mo, and annual cash flow comes to $4,153/yr on $44,753 invested. Return on cash invested is 29.19% in year one, and rental yield stands at 11.18% on a $135,000 basis. Equity gained on principal adds $871/yr, and 5% annual appreciation accumulates to $37,298 by year five. Five-year ROI measures 153.49% and total cumulative return in cash reaches $68,689. For financing, Ziffy Mortgage’s DSCR program evaluates $1,258/mo property income against a $661/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1905
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68627, Cedar Rapids, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 296 (100%) |
| Owner Occupied HU | 206 (69.6%) |
| Renter Occupied HU | 48 (16.2%) |
| Vacant Housing Units | 42 (14.2%) |
| Median Home Value | $145,455 |
| Average Home Value | $190,886 |
Housing Distribution
Address Breakdown
Residential
157
Single Family
157
Multi-Family
0
Businesses
37
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Listed by: N/A • N/A
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