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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 2555 L Ave NW, Cedar Rapids, IA, 52405 offers a 9.67% rental yield on a $310,000 purchase with $2,498/mo rent. Total monthly income registers $2,498/mo, and a $1,517/mo payment leaves $485/mo available for distribution. Annual cash flow reaches $5,820/yr on $102,765 to close, and return on cash invested stands at 25.57% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 133.61% and total cumulative return in cash at $137,299. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,498/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
10,018 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 |
|---|---|---|
| 2025-03-06 | Listed for sale | $310,000 |
| 2019-11-20 | Sold | $230,000 |
| 2019-09-12 | Listed for sale | $240,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-12 | $4490.00 | -2.26% | $271,800 | 22.54% |
| 2022-03-12 | $4594.00 | -3.49% | $221,800 | N/A |
| 2021-03-12 | $4760.00 | 2.72% | $221,800 | 2.83% |
Listed by: Karen Feltman • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501449
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.
