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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 241 12th St NW, Cedar Rapids, IA, 52405 generates $1,325/mo in rent and, after a $587/mo payment, leaves $520/mo in cash flow. Total monthly income is $1,325/mo, and annual cash flow is $6,244/yr on $39,780 invested. Return on cash invested sits at 35.6% in year one, and rental yield is 13.25% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 187.74% and total cumulative return in cash sums $74,683. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,325/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
5,924 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 |
|---|---|---|
| 2024-10-20 | Price change | $120,000 |
| 2024-09-28 | Listed for sale | $130,000 |
| 2024-07-31 | Pending sale | $130,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $2132.00 | 11.86% | $106,300 | -3.36% |
| 2022-11-20 | $1906.00 | -0.10% | $110,000 | 8.91% |
| 2021-11-20 | $1908.00 | 3.25% | $101,000 | 6.20% |
Listed by: Kerrie Merck • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2402998
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.
