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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 3335 Queen Dr SW, Cedar Rapids, IA, 52404 priced at $219,950 pairs $2,009/mo rent with $254/mo cash flow after a $1,077/mo payment. Total monthly income equals $2,009/mo, and annual cash flow comes to $3,042/yr on $72,913 invested. Return on cash invested is 24.08% in year one, and rental yield stands at 10.96% on a $219,950 basis. Equity gained on principal adds $1,419/yr, and 5% annual appreciation accumulates to $60,768 by year five. Five-year ROI measures 127.58% and total cumulative return in cash reaches $93,019. For financing, Ziffy Mortgage’s DSCR program evaluates $2,009/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1995
N/A lot
$N/A/sqft
$300 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 |
|---|---|---|
| 2024-09-21 | Pending sale | $219,950 |
| 2024-09-20 | Listed for sale | $219,950 |
| 2021-06-28 | Sold | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $3662.00 | 12.19% | $178,600 | 2.53% |
| 2022-10-16 | $3264.00 | -2.45% | $174,200 | 9.49% |
| 2021-10-16 | $3346.00 | 6.22% | $159,100 | 2.25% |
Listed by: Gary Doerrfeld • Coldwell Banker Hedges Corridor
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202405413
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. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
