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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 2410 8th Ave SW, Cedar Rapids, IA, 52404 offers a 9.34% rental yield on a $124,000 purchase with $965/mo rent. Total monthly income registers $965/mo, and a $607/mo payment leaves $150/mo available for distribution. Annual cash flow reaches $1,802/yr on $41,106 to close, and return on cash invested stands at 24.29% in year one. Equity gained on principal adds $800/yr while 5% annual appreciation supports $34,259 over five years. Portfolio math shows five-year ROI at 126.97% and total cumulative return in cash at $52,191. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $965/mo property income against a $607/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
6,229 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 |
|---|---|---|
| 2025-06-18 | Listed for sale | $124,000 |
| 2012-07-27 | Sold | $75,000 |
| 2012-06-19 | Listed for sale | $75,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-21 | $1998.00 | -4.86% | $114,800 | 1.68% |
| 2023-06-21 | $2100.00 | 12.54% | $112,900 | 13.35% |
| 2022-06-21 | $1866.00 | -2.20% | $99,600 | 10.54% |
Listed by: Shauna Burns • COLDWELL BANKER HEDGES
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504526
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.
