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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 215 Shelley Ln NW UNIT A, Cedar Rapids, IA, 52405 with 5% annual appreciation on a $154,990 basis while $1,513/mo rent supports operations. Total monthly income totals $1,513/mo and a $759/mo payment preserves $390/mo for cash returns. Annual cash flow comes to $4,675/yr on $51,379 deployed, and return on cash invested reaches 29.01% in year one. Equity gained on principal adds $1,000/yr, and five-year appreciation sums $42,821 alongside rental yield of 11.71%. Five-year ROI measures 153.05% and total cumulative return in cash totals $78,637.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,513/mo property income versus a $759/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2001
N/A lot
$N/A/sqft
$100 monthly 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 |
|---|---|---|
| 2024-11-11 | Listed for rent | $1,350 |
| 2024-08-28 | Price change | $154,990 |
| 2024-08-06 | Price change | $157,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $2552.00 | 4.68% | $137,400 | 13.55% |
| 2022-11-20 | $2438.00 | -1.61% | $121,000 | 2.80% |
| 2021-11-20 | $2478.00 | 2.74% | $117,700 | 4.81% |
Listed by: Donna Franks • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2404611
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.
