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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 2812 29th Ave SW, Cedar Rapids, IA, 52404 offers a 8.83% rental yield on a $324,900 purchase with $2,392/mo rent. Total monthly income registers $2,392/mo, and a $1,590/mo payment leaves $282/mo available for distribution. Annual cash flow reaches $3,386/yr on $107,704 to close, and return on cash invested stands at 23.05% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,764 over five years. Portfolio math shows five-year ROI at 120.13% and total cumulative return in cash at $129,389. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,392/mo property income against a $1,590/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.37 Acres 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 |
|---|---|---|
| 2025-09-21 | Pending sale | $324,900 |
| 2025-09-20 | Listed for sale | $324,900 |
| 2021-10-13 | Sold | $242,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $4352.00 | -8.57% | $265,400 | 3.51% |
| 2023-10-24 | $4760.00 | 8.87% | $256,400 | 9.29% |
| 2022-10-24 | $4372.00 | -6.30% | $234,600 | 6.64% |
Listed by: JJ Johannes • Epique Realty
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2507952
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.
