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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 1416 7th Ave SE, Cedar Rapids, IA, 52403 uses $41,404 cash to close to unlock $4,070/yr annual cash flow and $339/mo monthly cash flow. Total monthly income runs $1,150/mo, and a $611/mo payment keeps the spread at $339/mo. Purchase price stands at $124,900, and rental yield measures 11.05% with $1,150/mo rent. Return on cash invested shows 29.74% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 156.06% and total cumulative return in cash records $64,618. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,150/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1910
5,662 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 |
|---|---|---|
| 2024-12-09 | Price change | $124,900 |
| 2024-11-26 | Listed for sale | $129,900 |
| 2024-03-28 | Sold | $62,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $1340.00 | 15.52% | $71,700 | 12.91% |
| 2022-01-27 | $1160.00 | -6.30% | $63,500 | 13.39% |
| 2021-01-27 | $1238.00 | 8.41% | $56,000 | -0.18% |
Listed by: Bond Shymansky • Skogman Realty Co.
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202406507
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
