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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 1112 Elmhurst Dr NE, Cedar Rapids, IA, 52402 uses $53,040 cash to close to unlock $15,085/yr annual cash flow and $1,257/mo monthly cash flow. Total monthly income runs $2,335/mo, and a $783/mo payment keeps the spread at $1,257/mo. Purchase price stands at $160,000, and rental yield measures 17.51% with $2,335/mo rent. Return on cash invested shows 48.35% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 256.16% and total cumulative return in cash records $135,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,335/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1918
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,282 (100%) |
| Owner Occupied HU | 11,711 (60.7%) |
| Renter Occupied HU | 6,275 (32.5%) |
| Vacant Housing Units | 1,296 ( 6.7%) |
| Median Home Value | $208,064 |
| Average Home Value | $237,802 |
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
Date | Event | Price |
|---|---|---|
| 2025-08-08 | Sold | $160,000 |
| 2025-07-29 | Pending sale | $154,900 |
| 2025-07-20 | Listed for sale | $154,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $2900.00 | -5.66% | $163,900 | N/A |
| 2023-10-22 | $3074.00 | 10.81% | $163,900 | 12.49% |
| 2022-10-22 | $2774.00 | -1.00% | $145,700 | 8.81% |
Listed by: Mary Chmelicek • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2506188
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.
