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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 339 Fleetwood Rd SW, Cedar Rapids, IA, 52404 offers $1,296/mo rent that, after a $807/mo payment, leaves $225/mo cash flow. Total monthly income is $1,296/mo, and annual cash flow is $2,702/yr on $54,664 cash. Return on cash invested measures 24.85% in year one, and rental yield stands at 9.43% at a $164,900 entry. Equity gained on principal adds $1,064/yr while 5% annual appreciation compounds into $45,559 by year five. Five-year ROI records 129.81% and total cumulative return in cash reaches $70,960. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,296/mo property income versus a $807/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
7,405 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-08-04 | Sold | $164,900 |
| 2025-07-11 | Pending sale | $164,900 |
| 2025-06-20 | Listed for sale | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-04 | $2210.00 | -5.15% | $150,800 | 5.90% |
| 2023-11-04 | $2330.00 | 7.37% | $142,400 | 19.36% |
| 2022-11-04 | $2170.00 | 0.09% | $119,300 | 4.93% |
Listed by: Brooke Johnson • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504557
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.
