400 1st St SE APT 303Cedar RapidsIA52401
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 400 1st St SE APT 303, Cedar Rapids, IA, 52401 in Cedar Rapids clears it at 1.75, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 9.45%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $28,181; $939/yr in principal equity; total projected return: $34,034.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.2% |
| Monthly Cash Flow | $(89) | $450 |
City averages based on Cedar Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $803 |
| Total Monthly Debt Service | $852 |
| DSCR Ratio | 0.94x |
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.
Single Family
Built in 1990
N/A lot
$N/A/sqft
$2,760 annually 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
Single Family
Built in 1990
N/A lot
$N/A/sqft
$2,760 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Raymond Siddell • Keller Williams Legacy Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503032
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.