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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 201 Janice Dr NW, Cedar Rapids, IA, 52405 offers $1,592/mo rent that, after a $905/mo payment, leaves $375/mo cash flow. Total monthly income is $1,592/mo, and annual cash flow is $4,502/yr on $61,294 cash. Return on cash invested measures 27.25% in year one, and rental yield stands at 10.33% at a $184,900 entry. Equity gained on principal adds $1,193/yr while 5% annual appreciation compounds into $51,084 by year five. Five-year ROI records 142.81% and total cumulative return in cash reaches $87,535. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,592/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
6,098 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 |
|---|---|---|
| 2025-01-22 | Listed for sale | $184,900 |
| 2019-08-08 | Sold | $133,000 |
| 2019-02-28 | Sold | $93,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $3002.00 | 6.68% | $171,900 | 13.69% |
| 2022-01-27 | $2814.00 | -0.21% | $151,200 | 4.42% |
| 2021-01-27 | $2820.00 | 2.17% | $144,800 | 6.16% |
Listed by: Michelle Erickson • CENTURY 21 Signature Real Estate
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202500672
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.
