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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% |
Rental property for sale in Cedar Rapids at 1004 1st Ave NW, Cedar Rapids, IA, 52405 generates $1,088/mo in rent, after a $832/mo payment. Total monthly income is $1,088/mo. Return on cash invested sits at 19.57% in year one, and rental yield is 7.68% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 101.39% and total cumulative return in cash sums $57,141. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,088/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
4,617 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 |
|---|---|---|
| 2025-04-23 | Listed for sale | $170,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-27 | $2180.00 | -3.20% | $123,200 | N/A |
| 2023-04-27 | $2252.00 | -5.14% | $123,200 | 15.46% |
| 2022-04-27 | $2374.00 | 6.94% | $106,700 | N/A |
Listed by: Victoria Torres • KW Advantage
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502911
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
