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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 214 15th St NW, Cedar Rapids, IA, 52405 listed at $170,000 pairs $1,353/mo rent with a $832/mo payment to leave $249/mo cash flow. Total monthly income runs $1,353/mo, and annual cash flow reaches $2,988/yr on $56,355 cash to close. Return on cash invested measures 25.21% in year one, and rental yield registers 9.55% at a $170,000 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 131.65% and total cumulative return in cash totals $74,193. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,353/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
3,354 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 |
|---|---|---|
| 2025-07-11 | Listed for sale | $170,000 |
| 2025-03-28 | Listing removed | $175,000 |
| 2025-03-04 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-16 | $2468.00 | -5.30% | $139,500 | N/A |
| 2023-07-16 | $2606.00 | 4.57% | $139,500 | 12.86% |
| 2022-07-16 | $2492.00 | -5.03% | $123,600 | 2.74% |
Listed by: Jason Vestweber • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2506124
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.
