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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 3001 2nd Ave SW, Cedar Rapids, IA, 52404 earns $86/mo cash flow from $1,378/mo rent with a $974/mo payment. Total monthly income totals $1,378/mo, and annual cash flow totals $1,027/yr on $65,969 capital. ROI tracks 21.47% on current figures, and rental yield reads 8.31% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 111.61% and total cumulative return in cash sums $73,626. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,378/mo property income instead of your personal income.
Single Family
Built in 1970
9,583 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 |
|---|---|---|
| 2025-01-16 | Listed for sale | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $2972.00 | 7.53% | $168,200 | 12.28% |
| 2022-01-27 | $2764.00 | -2.88% | $149,800 | 5.20% |
| 2021-01-27 | $2846.00 | 5.64% | $142,400 | 3.49% |
Listed by: Tim Nye • GRAF REAL ESTATE, ERA POWERED
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2500317
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.
