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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cedar Rapids at 1002 5th St NW, Cedar Rapids, IA, 52405 offers a 14.5% rental yield on a $164,900 purchase with $1,993/mo rent. Total monthly income registers $1,993/mo, and a $807/mo payment leaves $922/mo available for distribution. Annual cash flow reaches $11,066/yr on $54,664 to close, and return on cash invested stands at 40.15% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 211.89% and total cumulative return in cash at $115,828. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,993/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1895
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.
| 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 |
Residential
11,162
Single Family
9,355
Multi-Family
1,807
Businesses
256
Date | Event | Price |
|---|---|---|
| 2025-09-11 | Sold | $164,900 |
| 2025-08-13 | Pending sale | $164,900 |
| 2025-08-07 | Price change | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-12 | $2343.00 | 15.42% | $121,200 | N/A |
| 2023-10-12 | $2030.00 | 15.60% | $121,200 | 25.99% |
| 2022-10-12 | $1756.00 | -0.57% | $96,200 | 2.67% |
Listed by: Jeremy Trenkamp • Realty87
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202504405
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
