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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 321 Zelda Dr NW, Cedar Rapids, IA, 52405 priced at $215,000 pairs $1,956/mo rent with $560/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,956/mo, and annual cash flow comes to $6,720/yr on $71,273 invested. Return on cash invested is 29.34% in year one, and rental yield stands at 10.92% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 153.79% and total cumulative return in cash reaches $109,609. For financing, Ziffy Mortgage’s DSCR program evaluates $1,956/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
6,185 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 |
|---|---|---|
| 2025-01-11 | Listed for sale | $215,000 |
| 2024-12-22 | Listing removed | $215,000 |
| 2024-12-04 | Listed for sale | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $2862.00 | 8.25% | $162,300 | 12.24% |
| 2022-01-27 | $2644.00 | -3.36% | $144,600 | 5.86% |
| 2021-01-27 | $2736.00 | 3.64% | $136,600 | 3.72% |
Listed by: Katelyn Nikolaev • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2500243
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.
