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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 215 15th St NW, Cedar Rapids, IA, 52405 generates $1,396/mo in rent and, after a $857/mo payment, leaves $259/mo in cash flow. Total monthly income is $1,396/mo, and annual cash flow is $3,108/yr on $58,013 invested. Return on cash invested sits at 25.27% in year one, and rental yield is 9.57% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 131.96% and total cumulative return in cash sums $76,555. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,396/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
3,920 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 |
|---|---|---|
| 2025-04-25 | Listed for sale | $175,000 |
| 2024-02-26 | Listing removed | N/A |
| 2023-12-11 | Pending sale | $160,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $1938.00 | -14.17% | $109,500 | N/A |
| 2023-04-30 | $2258.00 | 37.01% | $109,500 | 2.24% |
| 2022-04-30 | $1648.00 | -6.89% | $107,100 | 34.55% |
Listed by: Kurt Clements • ListWithFreedom.com
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502992
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.
