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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 220 Hanover Rd SW, Cedar Rapids, IA, 52404 priced at $205,000 converts $1,860/mo rent into $529/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,860/mo, and annual cash flow totals $6,348/yr on $67,958 invested. Return on cash invested prints 29.25% in year one, and rental yield reads 10.89% against a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,638 by year five. Five-year ROI reaches 153.3% and total cumulative return in cash sums $104,178. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1970
7,405 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 |
|---|---|---|
| 2025-01-16 | Listed for sale | $205,000 |
| 2021-09-10 | Sold | $165,000 |
| 2016-07-07 | Sold | $115,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $2794.00 | 6.97% | $154,500 | 9.34% |
| 2022-01-27 | $2612.00 | 0.08% | $141,300 | 4.67% |
| 2021-01-27 | $2610.00 | 2.84% | $135,000 | 6.38% |
Listed by: Nicholas Gulick • Keller Williams Legacy Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202500507
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
