4622 1st Ave NW UNIT E, Cedar Rapids, IA, 52405 | $484/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

4622 1st Ave NW UNIT E, Cedar Rapids, IA, 52405 | $484/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
1704 sft

3712 Stoneview Cir SW, Cedar Rapids, IA, 52404

3 Bed
2 Bath
1756 sft

1283 Nn Dr, Marengo, IA, 52301

3 Bed
2 Bath
1550 sft

3174 121st St, Amana, IA, 52203

Rental Income+ 1 more

1 Bed
2 Bath
1966 sft

708 47th Ave, Amana, IA, 52203

Nearby investment properties with comparable prices

5 Bed
2 Bath
2226 sft

108 Lincoln St, Norway, IA, 52318

2 Bed
2 Bath
1242 sft

3550 Stone Creek Cir SW #313, Cedar Rapids, IA, 52404

$ 149,900

ROI

Cash Flow/m

2 Bed
1 Bath
1480 sft

409 Lehnen St, Norway, IA, 52318

3 Bed
2 Bath
1400 sft

205 E State St, Oxford, IA, 52322

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Cedar Rapids at 4622 1st Ave NW UNIT E, Cedar Rapids, IA, 52405 offers a 11.67% rental yield on a $149,900 purchase with $1,458/mo rent. Total monthly income registers $1,458/mo, and a $734/mo payment leaves $484/mo available for distribution. Annual cash flow reaches $5,810/yr on $49,692 to close, and return on cash invested stands at 31.6% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 166.04% and total cumulative return in cash at $82,511. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,458/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1999

N/A lot

$N/A/sqft

No HOA

More details about the property

Step inside this super cute, fully remodeled condo and fall in love with the open layout, modern updates, and peaceful pond view. Featuring 2 bedrooms, 1 bath, private laundry, a cozy gas fireplace, and your own private deck this home has been completely transformed with thoughtful upgrades throughout. The kitchen shines with added cabinetry, new appliances, a modern sink and faucet, and freshly painted cabinets. The entire home has been repainted, with new light fixtures, smart ceiling fans in the primary bedroom, and new carpet and shades in the guest room. Practical updates include added shelving in every closet and under the stairs, a vented and heated laundry room, and an updated garage with new lighting, shelving, and heat at the bottom of the steps. Enjoy your mornings on the updated deck with new top rails and privacy mesh, or relax knowing nearly every surface has been improved from the digital thermostat and Arlo doorbell to the fresh landscaping and exterior paint. This move-in ready condo combines low-maintenance living with high-end care and detail. All thats left to do is move in and enjoy.

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