400 1st St SE APT 203Cedar RapidsIA52401
INVESTMENT ANALYSIS
Investment Verdict
Solid Income400 1st St SE APT 203, Cedar Rapids, IA, 52401 in Cedar Rapids carries a 1.70 coverage ratio, rent of $804/mo is 1.70 times the $472/mo payment. Rental yield 9.19%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $104,950 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $28,996; total projected cumulative return: $35,855.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.2% |
| Monthly Cash Flow | $(78) | $450 |
City averages based on Cedar Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $804 |
| Total Monthly Debt Service | $840 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
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
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
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.