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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 1827 Hamilton St SW, Cedar Rapids, IA, 52404 priced at $167,500 converts $1,561/mo rent into $473/mo cash flow after a $820/mo obligation. Total monthly income equals $1,561/mo, and annual cash flow totals $5,676/yr on $55,526 invested. Return on cash invested prints 30.13% in year one, and rental yield reads 11.18% against a $167,500 entry. Equity gained on principal adds $1,081/yr, while 5% annual appreciation compiles into $46,277 by year five. Five-year ROI reaches 158.05% and total cumulative return in cash sums $87,760. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,561/mo property income covering a $820/mo payment, not borrower’s personal income.
Single Family
Built in 1915
7,000 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 |
|---|---|---|
| 2024-12-27 | Listed for sale | $167,500 |
| 2024-12-27 | Listing removed | $167,500 |
| 2024-11-28 | Listed for sale | $167,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $2500.00 | 10.62% | $132,800 | 12.07% |
| 2022-01-27 | $2260.00 | 0.09% | $118,500 | 8.62% |
| 2021-01-27 | $2258.00 | 5.71% | $109,100 | 6.65% |
Listed by: Alexis Kemp • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2408379
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.
