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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 8, Cedar Rapids, IA, 52404 listed at $119,900 pairs $1,216/mo rent with a $587/mo payment to leave $285/mo cash flow. Total monthly income runs $1,216/mo, and annual cash flow reaches $3,421/yr on $39,747 cash to close. Return on cash invested measures 28.52% in year one, and rental yield registers 12.17% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 151.2% and total cumulative return in cash totals $60,096. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,216/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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 |
|---|---|---|
| 2024-10-15 | Listed for sale | $119,900 |
| 2008-07-03 | Sold | $82,500 |
| 2001-04-26 | Sold | $77,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1848.00 | 5.48% | $102,100 | 16.55% |
| 2022-10-16 | $1752.00 | 0.92% | $87,600 | 3.55% |
| 2021-10-16 | $1736.00 | 2.72% | $84,600 | 7.50% |
Listed by: Rita Kenney • COLDWELL BANKER HEDGES
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2407185
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.
