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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 2901 38th Ave SW, Cedar Rapids, IA, 52404 listed at $320,000 pairs $2,356/mo rent with a $1,566/mo payment to leave $246/mo cash flow. Total monthly income runs $2,356/mo, and annual cash flow reaches $2,952/yr on $106,080 cash to close. Return on cash invested measures 22.69% in year one, and rental yield registers 8.83% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 118.28% and total cumulative return in cash totals $125,475. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,356/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
7,884 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 |
|---|---|---|
| 2025-04-16 | Listed for sale | $320,000 |
| 2017-03-31 | Sold | $203,500 |
| 2017-03-31 | Listed for sale | $204,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-19 | $5248.00 | -6.49% | $287,400 | N/A |
| 2023-04-19 | $5612.00 | 13.42% | $287,400 | 9.61% |
| 2022-04-19 | $4948.00 | 0.32% | $262,200 | 10.82% |
Listed by: Sandra Koshatka • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502677
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.
