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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 3415 Clover Dr SW, Cedar Rapids, IA, 52404 priced at $195,000 pairs $1,804/mo rent with $538/mo cash flow after a $954/mo payment. Total monthly income equals $1,804/mo, and annual cash flow comes to $6,456/yr on $64,643 invested. Return on cash invested is 29.9% in year one, and rental yield stands at 11.1% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 156.77% and total cumulative return in cash reaches $101,338. For financing, Ziffy Mortgage’s DSCR program evaluates $1,804/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
7,753 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 |
|---|---|---|
| 2025-03-10 | Listed for sale | $195,000 |
| 2000-03-15 | Sold | $88,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-19 | N/A | N/A | $151,400 | 7.00% |
| 2022-03-19 | N/A | N/A | $141,500 | 4.27% |
| 2021-03-19 | N/A | N/A | $135,700 | 7.53% |
Listed by: Jennifer Goerdt • KW Advantage
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501690
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.
