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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 2053 Linn Blvd SE, Cedar Rapids, IA, 52403 generates $1,435/mo in rent and, after a $954/mo payment, leaves $169/mo in cash flow. Total monthly income is $1,435/mo, and annual cash flow is $2,028/yr on $64,643 invested. Return on cash invested sits at 23.05% in year one, and rental yield is 8.83% 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 120.05% and total cumulative return in cash sums $77,602. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,435/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
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 |
|---|---|---|
| 2024-10-09 | Listed for sale | $195,000 |
| 2015-05-15 | Sold | $115,100 |
| 2015-05-11 | Pending sale | $114,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2284.00 | 3.63% | $125,200 | 6.83% |
| 2022-10-16 | $2204.00 | -2.39% | $117,200 | 1.56% |
| 2021-10-16 | $2258.00 | 2.92% | $115,400 | 4.06% |
Listed by: Rachael Ray • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2407043
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.
