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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% |
Rental property for sale in Cedar Rapids at 1428 J St SW, Cedar Rapids, IA, 52404 offers $1,488/mo rent that, after a $710/mo payment, leaves $546/mo cash flow. Total monthly income is $1,488/mo, and annual cash flow is $6,552/yr on $48,068 cash. Return on cash invested measures 33.54% in year one, and rental yield stands at 12.31% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 176.34% and total cumulative return in cash reaches $84,764. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,488/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,492 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 |
|---|---|---|
| 2024-11-14 | Listed for sale | $145,000 |
| 2018-05-04 | Sold | $95,000 |
| 2018-03-13 | Price change | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $1944.00 | 11.72% | $109,100 | 8.02% |
| 2022-11-20 | $1740.00 | -3.87% | $101,000 | 8.60% |
| 2021-11-20 | $1810.00 | 8.38% | $93,000 | 2.65% |
Listed by: Jerome Edwards • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2407899
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.
