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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 1535 6th Ave SE, Cedar Rapids, IA, 52403 listed at $140,000 pairs $1,105/mo rent with a $685/mo payment to leave $196/mo cash flow. Total monthly income runs $1,105/mo, and annual cash flow reaches $2,352/yr on $46,410 cash to close. Return on cash invested measures 24.98% in year one, and rental yield registers 9.47% at a $140,000 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,679 by year five. Five-year ROI tracks 130.42% and total cumulative return in cash totals $60,526. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,105/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1923
5,575 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 |
|---|---|---|
| 2025-06-26 | Listed for sale | $140,000 |
| 2021-11-02 | Sold | $118,000 |
| 2021-10-27 | Pending sale | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $1874.00 | -5.35% | $110,300 | 4.15% |
| 2023-07-01 | $1980.00 | 14.58% | $105,900 | 12.78% |
| 2022-07-01 | $1728.00 | -1.71% | $93,900 | 12.59% |
Listed by: David Pitts • PRK Williams Realty
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504724
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.
