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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% |
Rental property for sale in Cedar Rapids at 3019 Elaine Dr NW, Cedar Rapids, IA, 52405 priced at $175,000 pairs $1,472/mo rent with $306/mo cash flow after a $857/mo payment. Total monthly income equals $1,472/mo, and annual cash flow comes to $3,666/yr on $58,013 invested. Return on cash invested is 26.23% in year one, and rental yield stands at 10.09% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 137.4% and total cumulative return in cash reaches $79,711. For financing, Ziffy Mortgage’s DSCR program evaluates $1,472/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1968
7,405 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 |
|---|---|---|
| 2024-10-14 | Listed for sale | $175,000 |
| 2006-11-30 | Sold | $117,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $3014.00 | 8.18% | $173,500 | 14.30% |
| 2022-10-16 | $2786.00 | -3.93% | $151,800 | 5.86% |
| 2021-10-16 | $2900.00 | 7.25% | $143,400 | 2.43% |
Listed by: Jaime Burczek-PSN Homes • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2407047
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.
