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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 8, Cedar Rapids, IA, 52404 listed at $120,000 pairs $1,230/mo rent with a $587/mo payment to leave $301/mo cash flow. Total monthly income runs $1,230/mo, and annual cash flow reaches $3,612/yr on $39,780 cash to close. Return on cash invested measures 28.99% in year one, and rental yield registers 12.3% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 153.56% and total cumulative return in cash totals $61,087. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,230/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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 |
|---|---|---|
| 2024-10-14 | Listed for sale | $120,000 |
| 2024-10-08 | Pending sale | $120,000 |
| 2024-10-03 | Listing removed | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1680.00 | -17.16% | $108,600 | 22.71% |
| 2022-10-16 | $2027.97 | 15.62% | $88,500 | 3.51% |
| 2021-10-16 | $1754.00 | 2.69% | $85,500 | 7.55% |
Listed by: Rachel Sutton • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406329
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.
