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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 1871 Ellis Blvd NW #309, Cedar Rapids, IA, 52405 listed at $260,000 pairs $1,363/mo rent with a $1,273/mo payment. Total monthly income runs $1,363/mo. Return on cash invested measures 12.45% in year one, and rental yield registers 6.29% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 64.27% and total cumulative return in cash totals $55,397. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,363/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2019
N/A lot
$N/A/sqft
$2,520 annually 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 |
|---|---|---|
| 2025-06-03 | Price change | $260,000 |
| 2025-04-28 | Listed for sale | $240,000 |
| 2022-09-12 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-05 | $820.00 | 418.99% | $46,300 | N/A |
| 2023-06-05 | $158.00 | 92.68% | $46,300 | 517.33% |
| 2022-06-05 | $82.00 | -22.64% | $7,500 | 87.50% |
Listed by: Doris Ackerman • Keller Williams Advantage
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503617
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
