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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 2241 Williams Blvd SW, Cedar Rapids, IA, 52404 uses $57,747 cash to close to unlock $7,165/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $1,766/mo, and a $853/mo payment keeps the spread at $597/mo. Purchase price stands at $174,200, and rental yield measures 12.17% with $1,766/mo rent. Return on cash invested shows 32.32% in year one, and 5% annual appreciation builds toward $48,128 over five years. Five-year ROI reaches 170.16% and total cumulative return in cash records $98,264. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,766/mo property income covering a $853/mo payment rather than investor’s personal income.
Single Family
Built in 1951
N/A 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 |
|---|---|---|
| 2025-09-12 | Sold | $174,200 |
| 2025-07-19 | Pending sale | $179,900 |
| 2025-07-14 | Price change | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $3094.00 | -0.77% | $195,800 | 1.82% |
| 2023-10-16 | $3118.00 | 7.37% | $192,300 | 22.72% |
| 2022-10-16 | $2904.00 | -3.01% | $156,700 | 5.10% |
Listed by: Alison Taylor • Key Realty
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504199
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.
