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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 1104 24th St SE, Cedar Rapids, IA, 52403 uses $53,040 cash to close to unlock $1,428/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $1,158/mo, and a $783/mo payment keeps the spread at $119/mo. Purchase price stands at $160,000, and rental yield measures 8.69% with $1,158/mo rent. Return on cash invested shows 22.6% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 117.67% and total cumulative return in cash records $62,414. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,158/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1950
4,998 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52403, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,261 (100%) |
| Owner Occupied HU | 7,355 (65.3%) |
| Renter Occupied HU | 2,954 (26.2%) |
| Vacant Housing Units | 952 ( 8.5%) |
| Median Home Value | $240,295 |
| Average Home Value | $311,384 |
Residential
10,390
Single Family
8,523
Multi-Family
1,867
Businesses
288
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Listed for sale | $160,000 |
| 2008-03-10 | Sold | $106,500 |
| 2008-02-22 | Listed for sale | $109,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-08 | $2048.00 | 4.60% | $130,000 | 22.64% |
| 2022-04-08 | $1958.00 | -0.81% | $106,000 | 2.42% |
| 2021-04-08 | $1974.00 | 6.82% | $103,500 | 5.50% |
Listed by: Emily Drinkwater • COLDWELL BANKER HEDGES
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502416
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.
