Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 2038 Eastern Blvd SE, Cedar Rapids, IA, 52403 generates $1,253/mo in rent, after a $954/mo payment. Total monthly income is $1,253/mo. Return on cash invested sits at 19.67% in year one, and rental yield is 7.71% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 101.93% and total cumulative return in cash sums $65,890. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,253/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52403, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,261 (100%) |
| Owner Occupied HU | 7,355 (65.3%) |
| Renter Occupied HU | 2,954 (26.2%) |
| Vacant Housing Units | 952 ( 8.5%) |
| Median Home Value | $240,295 |
| Average Home Value | $311,384 |
Residential
10,390
Single Family
8,523
Multi-Family
1,867
Businesses
288
Date | Event | Price |
|---|---|---|
| 2025-04-18 | Listed for sale | $195,000 |
| 2019-08-06 | Listing removed | $1,095 |
| 2019-07-03 | Price change | $1,095 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-23 | $2386.00 | -3.79% | $134,800 | N/A |
| 2023-04-23 | $2480.00 | 7.08% | $134,800 | 14.63% |
| 2022-04-23 | $2316.00 | -0.09% | $117,600 | 5.19% |
Listed by: Rachael Ray • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502802
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.
