203 N 6th 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
Investment property for sale in Cedar Rapids at 203 N 6th St, Cedar Rapids, NE, 68627 at $185,000 posts ROI 15% with from $998/mo rent. Total monthly income equals $998/mo. Return on cash invested measures 15% and rental yield reads 6.47% at the current $185,000. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 by year five. Five-year ROI prints 77.33% and total cumulative return in cash totals $47,427. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $998/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1984
N/A 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: Esther Irene Kula • O-K Real Estate & Auction Service, Inc.
Mls Name: My State MLS
Mls ID: #11446595