416 S 2nd StCedar RapidsNE68627
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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 416 S 2nd St, Cedar Rapids, NE, 68627 generates $2,603/mo in rent, after a $2,374/mo payment. Total monthly income is $2,603/mo. Return on cash invested sits at 14.89% in year one, and rental yield is 6.44% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 76.67% and total cumulative return in cash sums $123,266. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,603/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68627, Cedar Rapids, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 296 (100%) |
| Owner Occupied HU | 206 (69.6%) |
| Renter Occupied HU | 48 (16.2%) |
| Vacant Housing Units | 42 (14.2%) |
| Median Home Value | $145,455 |
| Average Home Value | $190,886 |
Housing Distribution
Address Breakdown
Residential
157
Single Family
157
Multi-Family
0
Businesses
37
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Listed by: Neil Carnes • NEBRASKA REALTY
Mls Name: Columbus BOR NE
Mls ID: #20240419