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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 3060 Wilson Ave SW APT 7, Cedar Rapids, IA, 52404 offers a 9.43% rental yield on a $118,000 purchase with $927/mo rent. Total monthly income registers $927/mo, and a $578/mo payment leaves $9/mo available for distribution. Annual cash flow reaches $109/yr on $39,117 to close, and return on cash invested stands at 20.19% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,601 over five years. Portfolio math shows five-year ROI at 106.55% and total cumulative return in cash at $41,679. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $927/mo property income against a $578/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2000
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 |
|---|---|---|
| 2025-09-16 | Listed for sale | $118,000 |
| 2025-09-05 | Listing removed | $120,000 |
| 2025-09-02 | Price change | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-19 | $1806.00 | -2.27% | $107,800 | 5.58% |
| 2023-09-19 | $1848.00 | 5.48% | $102,100 | 16.55% |
| 2022-09-19 | $1752.00 | 0.92% | $87,600 | 3.55% |
Listed by: Matt Clark • Epique Realty
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2507867
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.
