400 1st St SE #409/410Cedar RapidsIA52401
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 400 1st St SE #409/410, Cedar Rapids, IA, 52401 in Cedar Rapids hard to pass up. The 20.22% gross yield on a $148,000 purchase results in $2,494/mo in rent and $1,382/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.74). Annual cash flow of $16,589, five-year appreciation of $40,890, and $1,363/yr in equity build-up combine for a projected total cumulative return of $145,967.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.2% | 7.2% |
| Monthly Cash Flow | $1,382 | $450 |
City averages based on Cedar Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,494 |
| Total Monthly Debt Service | $1,052 |
| DSCR Ratio | 2.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1990
N/A lot
$N/A/sqft
$150 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1990
N/A lot
$N/A/sqft
$150 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices