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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 232 27th St NW, Cedar Rapids, IA, 52405 listed at $184,900 pairs $1,355/mo rent with a $905/mo payment to leave $154/mo cash flow. Total monthly income runs $1,355/mo, and annual cash flow reaches $1,850/yr on $61,294 cash to close. Return on cash invested measures 22.93% in year one, and rental yield registers 8.79% at a $184,900 basis. Equity gained on principal adds $1,193/yr, and annual property appreciation at 5% supports $51,084 by year five. Five-year ROI tracks 119.49% and total cumulative return in cash totals $73,243. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,355/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
7,840 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Derrick Droz • Skogman Realty Co.
Mls Name: Iowa City Area AOR
Mls ID: #202506805
