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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 1711 1st Ave SW, Cedar Rapids, IA, 52404 generates $2,423/mo in rent and, after a $846/mo payment, leaves $1,277/mo in cash flow. Total monthly income is $2,423/mo, and annual cash flow is $15,319/yr on $57,316 invested. Return on cash invested sits at 46.64% in year one, and rental yield is 16.82% on a $172,900 entry. Equity gained on principal adds $1,116/yr, while 5% annual appreciation builds toward $47,769 over five years. Five-year ROI reaches 246.77% and total cumulative return in cash sums $141,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,423/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
5,967 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 |
|---|---|---|
| 2024-09-23 | Price change | $172,900 |
| 2024-09-06 | Listed for sale | $179,600 |
| 2009-02-10 | Sold | $133,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2914.00 | 2.10% | $175,900 | 19.66% |
| 2022-10-16 | $2854.00 | -2.46% | $147,000 | 0.20% |
| 2021-10-16 | $2926.00 | 5.94% | $146,700 | 3.90% |
Listed by: Ashley Letsch • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2405946
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.
