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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 3050 Wilson Ave SW APT 3, Cedar Rapids, IA, 52404 offers a 12.31% rental yield on a $119,900 purchase with $1,230/mo rent. Total monthly income registers $1,230/mo, and a $587/mo payment leaves $300/mo available for distribution. Annual cash flow reaches $3,596/yr on $39,747 to close, and return on cash invested stands at 28.96% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 153.46% and total cumulative return in cash at $60,996. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,230/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
$150 monthly 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 |
|---|---|---|
| 2024-10-08 | Listed for sale | $119,900 |
| 2020-09-17 | Sold | $80,000 |
| 2001-08-29 | Sold | $75,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1840.00 | 5.50% | $101,800 | 16.74% |
| 2022-10-16 | $1744.00 | 18.96% | $87,200 | 3.56% |
| 2021-10-16 | $1466.00 | 3.24% | $84,200 | 7.54% |
Listed by: Bryant Nicholson • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406999
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.
