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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 1626 Texas Ave NE, Cedar Rapids, IA, 52402 priced at $212,500 converts $2,364/mo rent into $984/mo cash flow after a $1,040/mo obligation. Total monthly income equals $2,364/mo, and annual cash flow totals $11,808/yr on $70,444 invested. Return on cash invested prints 36.67% in year one, and rental yield reads 13.35% against a $212,500 entry. Equity gained on principal adds $1,371/yr, while 5% annual appreciation compiles into $58,710 by year five. Five-year ROI reaches 193.12% and total cumulative return in cash sums $136,040. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,364/mo property income covering a $1,040/mo payment, not borrower’s personal income.
Single Family
Built in 1956
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,282 (100%) |
| Owner Occupied HU | 11,711 (60.7%) |
| Renter Occupied HU | 6,275 (32.5%) |
| Vacant Housing Units | 1,296 ( 6.7%) |
| Median Home Value | $208,064 |
| Average Home Value | $237,802 |
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
Date | Event | Price |
|---|---|---|
| 2025-06-03 | Sold | $212,500 |
| 2025-05-11 | Pending sale | $215,000 |
| 2025-05-07 | Listed for sale | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $2372.00 | -9.74% | $167,500 | 4.56% |
| 2023-10-16 | $2628.00 | 10.05% | $160,200 | 17.02% |
| 2022-10-16 | $2388.00 | -1.08% | $136,900 | 7.20% |
Listed by: Jim Willmsen • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503281
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.
