Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 218 Wesley Dr NW, Cedar Rapids, IA, 52405 with 5% annual appreciation on a $199,000 basis while $1,534/mo rent supports operations. Total monthly income totals $1,534/mo and a $974/mo payment preserves $242/mo for cash returns. Annual cash flow comes to $2,899/yr on $65,969 deployed, and return on cash invested reaches 24.3% in year one. Equity gained on principal adds $1,284/yr, and five-year appreciation sums $54,980 alongside rental yield of 9.25%. Five-year ROI measures 126.83% and total cumulative return in cash totals $83,670.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,534/mo property income versus a $974/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
6,565 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 |
|---|---|---|
| 2025-06-27 | Listed for sale | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-02 | $2370.00 | -11.96% | $168,600 | 5.38% |
| 2023-07-02 | $2692.00 | 6.66% | $160,000 | 14.37% |
| 2022-07-02 | $2524.00 | -0.71% | $139,900 | 4.25% |
Listed by: Jennifer Burhans • LEPIC-KROEGER, REALTORS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2505766
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.
