400 1st St SE #409/410Cedar RapidsIA52401
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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 400 1st St SE #409/410, Cedar Rapids, IA, 52401 listed at $148,000 pairs $2,494/mo rent with a $724/mo payment to leave $1,383/mo cash flow. Total monthly income runs $2,494/mo, and annual cash flow reaches $16,598/yr on $49,062 cash to close. Return on cash invested measures 53.74% in year one, and rental yield registers 20.22% at a $148,000 basis. Equity gained on principal adds $955/yr, and annual property appreciation at 5% supports $40,890 by year five. Five-year ROI tracks 286.07% and total cumulative return in cash totals $140,354. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,494/mo property income relative to a $724/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1990
N/A lot
$N/A/sqft
$150 monthly HOA
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Listed by: Darin Garman • HEARTLAND INVESTMENT REAL ESTATE, LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2400113
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.