400 1st St SE APT 203Cedar RapidsIA52401
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
Investment Highlights
Investment property for sale in Cedar Rapids at 400 1st St SE APT 203, Cedar Rapids, IA, 52401 offers a 9.19% rental yield on a $104,950 purchase with $804/mo rent. 22% in year one. Equity gained on principal adds $677/yr while 5% annual appreciation supports $28,996 over five years. Portfolio math shows five-year ROI at 91.47% and total cumulative return in cash at $31,822. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $804/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
$200 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teri Graf • Teri Graf Real Estate Team
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501465
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.