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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 3131 Samuel Ct SW UNIT 10, Cedar Rapids, IA, 52404 listed at $119,900 pairs $1,463/mo rent with a $587/mo payment to leave $502/mo cash flow. Total monthly income runs $1,463/mo, and annual cash flow reaches $6,022/yr on $39,747 cash to close. Return on cash invested measures 35.06% in year one, and rental yield registers 14.64% 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 186.49% and total cumulative return in cash totals $74,124. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,463/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
$170 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 |
|---|---|---|
| 2025-08-26 | Pending sale | $119,900 |
| 2025-07-22 | Sold | $119,900 |
| 2025-06-19 | Pending sale | $119,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $1970.00 | -13.92% | $115,400 | 3.68% |
| 2023-10-10 | $2288.68 | 17.73% | $111,300 | 13.46% |
| 2022-10-10 | $1944.00 | 3.29% | $98,100 | 4.58% |
Listed by: Jeremy Trenkamp Real Estate Team • Realty87
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504049
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.
