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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 2424 8th Ave SW, Cedar Rapids, IA, 52404 earns $422/mo cash flow from $1,478/mo rent with a $783/mo payment. Total monthly income totals $1,478/mo, and annual cash flow totals $5,068/yr on $53,040 capital. ROI tracks 29.46% on current figures, and rental yield reads 11.09% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 154.69% and total cumulative return in cash sums $82,046. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,478/mo property income instead of your personal income.
Single Family
Built in 1951
6,098 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 |
|---|---|---|
| 2025-08-26 | Pending sale | $163,900 |
| 2025-08-08 | Sold | $160,000 |
| 2025-06-27 | Pending sale | $163,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $2631.75 | 11.14% | $127,800 | 1.67% |
| 2023-10-16 | $2368.00 | 6.76% | $125,700 | 11.93% |
| 2022-10-16 | $2218.00 | -2.03% | $112,300 | 4.86% |
Listed by: Diane Martin • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503748
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.
