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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 3400 King Dr SW, Cedar Rapids, IA, 52404 uses $92,820 cash to close to unlock $5,944/yr annual cash flow and $495/mo monthly cash flow. Total monthly income runs $2,346/mo, and a $1,370/mo payment keeps the spread at $495/mo. Purchase price stands at $280,000, and rental yield measures 10.05% with $2,346/mo rent. Return on cash invested shows 26.31% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 137.76% and total cumulative return in cash records $127,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,346/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1993
6,621 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 |
|---|---|---|
| 2025-06-27 | Listed for sale | $280,000 |
| 2013-07-19 | Sold | $164,000 |
| 2013-05-17 | Price change | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-02 | $4648.00 | -0.85% | $256,300 | 0.23% |
| 2023-07-02 | $4688.00 | 13.29% | $255,700 | 15.96% |
| 2022-07-02 | $4138.00 | 3.09% | $220,500 | 10.58% |
Listed by: Heather Aswegan • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2505769
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.
