219 40th St Dr SE APT 206Cedar RapidsIA52403
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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 219 40th St Dr SE APT 206, Cedar Rapids, IA, 52403 listed at $128,000 pairs $1,121/mo rent with a $627/mo payment to leave $290/mo cash flow. Total monthly income runs $1,121/mo, and annual cash flow reaches $3,482/yr on $42,432 cash to close. Return on cash invested measures 28.12% in year one, and rental yield registers 10.51% at a $128,000 basis. Equity gained on principal adds $826/yr, and annual property appreciation at 5% supports $35,364 by year five. Five-year ROI tracks 147.34% and total cumulative return in cash totals $62,519. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,121/mo property income relative to a $627/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52403, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,261 (100%) |
| Owner Occupied HU | 7,355 (65.3%) |
| Renter Occupied HU | 2,954 (26.2%) |
| Vacant Housing Units | 952 ( 8.5%) |
| Median Home Value | $240,295 |
| Average Home Value | $311,384 |
Housing Distribution
Address Breakdown
Residential
10,390
Single Family
8,523
Multi-Family
1,867
Businesses
288
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Listed by: Brandon Reynolds • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls ID: #2507972