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% |
Investment property for sale in Cedar Rapids at 2039 Red Rock Dr SW, Cedar Rapids, IA, 52404 with 5% annual appreciation on a $365,000 basis while $2,436/mo rent supports operations. Total monthly income totals $2,436/mo and a $1,786/mo payment preserves $62/mo for cash returns. Annual cash flow comes to $741/yr on $120,998 deployed, and return on cash invested reaches 20.52% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,843 alongside rental yield of 8.01%. Five-year ROI measures 106.54% and total cumulative return in cash totals $128,911.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,436/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2015
9,365 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 |
|---|---|---|
| 2024-10-01 | Price change | $365,000 |
| 2024-08-15 | Price change | $369,900 |
| 2024-07-17 | Listed for sale | $374,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $5598.00 | 1.86% | $347,400 | 26.65% |
| 2022-10-15 | $5496.00 | -2.14% | $274,300 | N/A |
| 2021-10-15 | $5616.00 | 10.94% | $274,300 | 4.26% |
Listed by: Leeann Bluske • ConsumerEquity LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406853
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.
