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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 235 Highland Dr NW, Cedar Rapids, IA, 52405 with 5% annual appreciation on a $165,700 basis while $1,598/mo rent supports operations. Total monthly income totals $1,598/mo and a $811/mo payment preserves $522/mo for cash returns. Annual cash flow comes to $6,263/yr on $54,930 deployed, and return on cash invested reaches 31.31% in year one. Equity gained on principal adds $1,069/yr, and five-year appreciation sums $45,780 alongside rental yield of 11.57%. Five-year ROI measures 164.4% and total cumulative return in cash totals $90,303.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,598/mo property income versus a $811/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1913
4,791 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: Steve Eden • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls ID: #2509548
