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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 309 Day St N #W, Cedar Rapids, IA, 52405 generates $1,350/mo in rent and, after a $979/mo payment, leaves $51/mo in cash flow. Total monthly income is $1,350/mo, and annual cash flow is $612/yr on $66,300 invested. Return on cash invested sits at 20.83% in year one, and rental yield is 8.1% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 108.17% and total cumulative return in cash sums $71,720. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,350/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
7,535 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 |
|---|---|---|
| 2025-07-31 | Sold | $200,000 |
| 2025-06-19 | Pending sale | $199,000 |
| 2025-06-13 | Listed for sale | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Troy W Northrop • RE/MAX Independence Realty
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20252757
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 2025-10-24 22:57:53 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#43)
