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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 1647 B Ave NE, Cedar Rapids, IA, 52402 generates $955/mo in rent and, after a $611/mo payment, leaves $144/mo in cash flow. Total monthly income is $955/mo, and annual cash flow is $1,730/yr on $41,404 invested. Return on cash invested sits at 24.09% in year one, and rental yield is 9.18% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 125.75% and total cumulative return in cash sums $52,066. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $955/mo property income rather than buyer’s personal income.
Single Family
Built in 1911
2,787 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 |
|---|---|---|
| 2025-04-08 | Listed for sale | $124,900 |
| 2021-02-27 | Listing removed | N/A |
| 2020-05-27 | Listing removed | $1,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-11 | $1864.00 | 22.79% | $99,700 | 12.78% |
| 2022-04-11 | $1518.00 | 2.02% | $88,400 | 20.60% |
| 2021-04-11 | $1488.00 | 2.76% | $73,300 | 8.75% |
Listed by: Tim Ewing • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502435
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.
