408 Day St NWCedar RapidsIA52405
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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
Rental property for sale in Cedar Rapids at 408 Day St NW, Cedar Rapids, IA, 52405 priced at $212,000 pairs $1,811/mo rent with $434/mo cash flow after a $1,038/mo payment. Total monthly income equals $1,811/mo, and annual cash flow comes to $5,206/yr on $70,278 invested. Return on cash invested is 27.32% in year one, and rental yield stands at 10.25% on a $212,000 basis. Equity gained on principal adds $1,368/yr, and 5% annual appreciation accumulates to $58,572 by year five. Five-year ROI measures 142.96% and total cumulative return in cash reaches $100,471. For financing, Ziffy Mortgage’s DSCR program evaluates $1,811/mo property income against a $1,038/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,239 (100%) |
| Owner Occupied HU | 7,767 (69.1%) |
| Renter Occupied HU | 2,888 (25.7%) |
| Vacant Housing Units | 584 ( 5.2%) |
| Median Home Value | $199,987 |
| Average Home Value | $230,161 |
Housing Distribution
Address Breakdown
Residential
11,162
Single Family
9,355
Multi-Family
1,807
Businesses
256
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Listed by: Tim Scherbring • Epique Realty
Mls Name: CRAAR, CDRMLS
Mls ID: #2600768