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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% |
Investment property for sale in Cedar Rapids at 2119 Lauren Dr SW, Cedar Rapids, IA, 52404 with 5% annual appreciation on a $259,950 basis while $1,756/mo rent supports operations. Total monthly income totals $1,756/mo and a $1,272/mo payment preserves $68/mo for cash returns. Annual cash flow comes to $817/yr on $86,173 deployed, and return on cash invested reaches 20.86% in year one. Equity gained on principal adds $1,677/yr, and five-year appreciation sums $71,819 alongside rental yield of 8.11%. Five-year ROI measures 108.37% and total cumulative return in cash totals $93,386.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,756/mo property income versus a $1,272/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
7,448 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 |
|---|---|---|
| 2025-03-25 | Listed for sale | $259,950 |
| 2023-07-10 | Sold | $245,000 |
| 2023-05-27 | Pending sale | $248,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-28 | $3529.00 | 10.25% | $169,400 | 3.55% |
| 2022-03-28 | $3201.00 | -2.62% | $163,600 | 8.56% |
| 2021-03-28 | $3287.00 | 5.22% | $150,700 | 3.65% |
Listed by: Graf Home Selling Team • GRAF REAL ESTATE, ERA POWERED
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501997
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.
