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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 1223 39th Street Rd NW, Cedar Rapids, IA, 52405 offers a 10.92% rental yield on a $239,900 purchase with $2,183/mo rent. Total monthly income registers $2,183/mo, and a $1,174/mo payment leaves $625/mo available for distribution. Annual cash flow reaches $7,502/yr on $79,527 to close, and return on cash invested stands at 29.34% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 153.86% and total cumulative return in cash at $122,359. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,183/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.44 Acres 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 |
|---|---|---|
| 2025-03-29 | Listed for sale | $239,900 |
| 2010-04-08 | Sold | $80,500 |
| 2008-11-28 | Listing removed | $124,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-31 | $1586.00 | 1.93% | $104,100 | 23.78% |
| 2022-03-31 | $1556.00 | -3.11% | $84,100 | N/A |
| 2021-03-31 | $1606.00 | 10.91% | $84,100 | 3.32% |
Listed by: Tabby Barnes • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502143
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.
