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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 3110 Wilson Ave SW APT 6, Cedar Rapids, IA, 52404 offers a 12.98% rental yield on a $117,500 purchase with $1,271/mo rent. Total monthly income registers $1,271/mo, and a $575/mo payment leaves $351/mo available for distribution. Annual cash flow reaches $4,216/yr on $38,951 to close, and return on cash invested stands at 30.73% in year one. Equity gained on principal adds $758/yr while 5% annual appreciation supports $32,463 over five years. Portfolio math shows five-year ROI at 163.13% and total cumulative return in cash at $63,542. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,271/mo property income against a $575/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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 |
|---|---|---|
| 2025-01-03 | Listed for sale | $117,500 |
| 2024-11-22 | Listing removed | $117,500 |
| 2024-11-04 | Listed for sale | $117,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $1866.00 | 5.30% | $103,300 | 16.72% |
| 2022-01-27 | $1772.00 | 13.30% | $88,500 | 3.51% |
| 2021-01-27 | $1564.00 | 3.03% | $85,500 | 7.55% |
Listed by: Matt Clark • Epique Realty
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2404515
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.
