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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 3107 Johnson Ave NW APT 3, Cedar Rapids, IA, 52405 uses $37,924 cash to close to unlock $4,902/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $1,309/mo, and a $560/mo payment keeps the spread at $409/mo. Purchase price stands at $114,400, and rental yield measures 13.73% with $1,309/mo rent. Return on cash invested shows 32.84% in year one, and 5% annual appreciation builds toward $31,607 over five years. Five-year ROI reaches 174.42% and total cumulative return in cash records $66,145. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,309/mo property income covering a $560/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$150 monthly 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 |
|---|---|---|
| 2024-09-30 | Price change | $114,400 |
| 2024-09-09 | Price change | $114,900 |
| 2024-08-15 | Price change | $118,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1828.00 | 1.78% | $88,000 | 1.50% |
| 2022-10-16 | $1796.00 | -3.85% | $86,700 | N/A |
| 2021-10-16 | $1868.00 | 3.55% | $86,700 | 3.21% |
Listed by: Kelly Bemus • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406237
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.
