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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 1218 1st St SW, Cedar Rapids, IA, 52404 uses $66,300 cash to close to unlock $5,030/yr annual cash flow and $419/mo monthly cash flow. Total monthly income runs $1,723/mo, and a $979/mo payment keeps the spread at $419/mo. Purchase price stands at $200,000, and rental yield measures 10.34% with $1,723/mo rent. Return on cash invested shows 27.5% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 144.01% and total cumulative return in cash records $95,480. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,723/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1839
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52404, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,968 (100%) |
| Owner Occupied HU | 11,682 (55.7%) |
| Renter Occupied HU | 7,536 (35.9%) |
| Vacant Housing Units | 1,750 ( 8.3%) |
| Median Home Value | $201,736 |
| Average Home Value | $240,149 |
Residential
19,505
Single Family
14,648
Multi-Family
4,857
Businesses
1,391
Date | Event | Price |
|---|---|---|
| 2025-04-24 | Listed for sale | $200,000 |
| 2018-01-31 | Sold | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $3098.00 | -6.80% | $178,400 | 1.88% |
| 2023-04-24 | $3324.00 | 18.29% | $175,100 | 11.10% |
| 2022-04-24 | $2810.00 | 5.72% | $157,600 | 16.22% |
Listed by: Rachael Ray • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502936
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.
