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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 1017 E Ave Nw, Cedar Rapids, IA, 52405 offers a 15.3% rental yield on a $120,000 purchase with $1,530/mo rent. Total monthly income registers $1,530/mo, and a $587/mo payment leaves $751/mo available for distribution. Annual cash flow reaches $9,012/yr on $39,780 to close, and return on cash invested stands at 42.56% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 224.72% and total cumulative return in cash at $89,395. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,530/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,013 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 |
|---|---|---|
| 2024-10-10 | Price change | $120,000 |
| 2024-09-18 | Price change | $125,000 |
| 2024-09-05 | Listed for sale | $127,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1784.00 | 26.52% | $92,300 | 9.10% |
| 2022-10-16 | $1410.00 | -0.56% | $84,600 | 9.87% |
| 2021-10-16 | $1418.00 | 11.65% | $77,000 | 5.62% |
Listed by: Randy Richter • RUHL & RUHL REALTORS®
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2405577
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.
