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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 1724 Hamer Dr NW, Cedar Rapids, IA, 52405 listed at $299,900 pairs $2,369/mo rent with a $1,468/mo payment to leave $421/mo cash flow. Total monthly income runs $2,369/mo, and annual cash flow reaches $5,054/yr on $99,417 cash to close. Return on cash invested measures 24.99% in year one, and rental yield registers 9.48% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 130.55% and total cumulative return in cash totals $129,784. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,369/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
7,361 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,239 (100%) |
| Owner Occupied HU | 7,767 (69.1%) |
| Renter Occupied HU | 2,888 (25.7%) |
| Vacant Housing Units | 584 ( 5.2%) |
| Median Home Value | $199,987 |
| Average Home Value | $230,161 |
Residential
11,162
Single Family
9,355
Multi-Family
1,807
Businesses
256
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Listed for sale | $299,900 |
| 2002-09-09 | Sold | $169,500 |
| 1998-12-07 | Sold | $147,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-03 | $3676.00 | -16.79% | $283,200 | 21.13% |
| 2023-06-03 | $4418.00 | 3.42% | $233,800 | 5.46% |
| 2022-06-03 | $4272.00 | -4.17% | $221,700 | 1.42% |
Listed by: Tim Nash • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503946
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.
