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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 200 3rd Ave SW #301, Cedar Rapids, IA, 52404 generates $1,843/mo in rent and, after a $1,248/mo payment, leaves $187/mo in cash flow. Total monthly income is $1,843/mo, and annual cash flow is $2,244/yr on $84,533 invested. Return on cash invested sits at 22.56% in year one, and rental yield is 8.67% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 117.46% and total cumulative return in cash sums $99,296. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,843/mo property income rather than buyer’s personal income.
Condo
Built in 2016
N/A 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Randon Hill • Epique Realty
Mls Name: CRAAR, CDRMLS
Mls ID: #2507675
