622 4th Ave SW, Cedar Rapids, IA, 52404 | $147/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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622 4th Ave SW, Cedar Rapids, IA, 52404 | $147/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 622 4th Ave SW, Cedar Rapids, IA, 52404 uses $38,123 cash to close to unlock $1,764/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $894/mo, and a $563/mo payment keeps the spread at $147/mo. Purchase price stands at $115,000, and rental yield measures 9.33% with $894/mo rent. Return on cash invested shows 24.54% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 128.04% and total cumulative return in cash records $48,813. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $894/mo property income covering a $563/mo payment rather than investor’s personal income.

Single Family

Built in 1903

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover an affordable and functional home in the heart of Cedar Rapids at 622 4th Ave SW offering a great opportunity for first-time buyers or investors looking to expand their portfolio. This property features 3 bedrooms, 2 full bathrooms, and an efficient layout with approximately 1,150 sq ft of finished living space. Step inside to a welcoming main level with comfortable living areas and a practical kitchen layout ready for your personal touch. Upstairs bedrooms offer privacy, and the homes overall footprint makes maintenance simple and budget-friendly. Outside, enjoy a large fenced-in yard, perfect for pets, gardening, entertaining, or future improvements. The detached 2-stall garage adds excellent storage and off-street parking a highly desirable feature in the SW quadrant. Both the house and garage come equipped with durable metal roofing, adding long-term peace of mind. This property is located close to downtown Cedar Rapids, local restaurants, coffee shops, and major employers, making it a convenient and attractive option for renters or owner-occupants.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52404, Cedar Rapids, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,968 (100%)
Owner Occupied HU	11,682 (55.7%)
Renter Occupied HU	7,536 (35.9%)
Vacant Housing Units	1,750 ( 8.3%)
Median Home Value	$201,736
Average Home Value	$240,149