4117 Lexington Ct NE APT D, Cedar Rapids, IA, 52402 | $357/mo Cash Flow

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4117 Lexington Ct NE APT D, Cedar Rapids, IA, 52402 | $357/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cedar Rapids at 4117 Lexington Ct NE APT D, Cedar Rapids, IA, 52402 offers a 11.09% rental yield on a $130,000 purchase with $1,201/mo rent. Total monthly income registers $1,201/mo, and a $636/mo payment leaves $357/mo available for distribution. Annual cash flow reaches $4,284/yr on $43,095 to close, and return on cash invested stands at 29.85% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 156.55% and total cumulative return in cash at $67,467. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,201/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1978

N/A lot

$N/A/sqft

No HOA

More details about the property

This charming 2-bedroom, 1-bath second-level condo is move-in ready! Neutral paint creates a light and welcoming atmosphere. The inviting living room features a cozy remote control gas fireplaceperfect for relaxingwhile sliding doors open to a spacious deck. The white kitchen has quality cabinets by Thomasville, Silestone quartz countertops and a large pantry. Lower cabinets have convenient pull-out shelving. The bathroom features high-end floor tiles and a seven-foot stack of cabinets for maximum storage. The extra-large primary bedroom has a walk-in closet with custom shelving. All doors are six panel inlays. In July 2025, a new water heater was installed, and the entire home, including the ceilings, was professionally painted. The HVAC system is Lennox brand and features a thermostat which can optionally be controlled remotely. Truly a home for relaxation.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,282 (100%)
Owner Occupied HU	11,711 (60.7%)
Renter Occupied HU	6,275 (32.5%)
Vacant Housing Units	1,296 ( 6.7%)
Median Home Value	$208,064
Average Home Value	$237,802