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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 342 24th St NW, Cedar Rapids, IA, 52405 listed at $198,500 pairs $1,512/mo rent with a $972/mo payment to leave $222/mo cash flow. Total monthly income runs $1,512/mo, and annual cash flow reaches $2,669/yr on $65,803 cash to close. Return on cash invested measures 23.96% in year one, and rental yield registers 9.14% at a $198,500 basis. Equity gained on principal adds $1,281/yr, and annual property appreciation at 5% supports $54,842 by year five. Five-year ROI tracks 125.04% and total cumulative return in cash totals $82,277. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,512/mo property income relative to a $972/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
6,969 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 |
|---|---|---|
| 2025-04-09 | Listed for sale | $198,500 |
| 2017-05-16 | Sold | $127,000 |
| 2017-04-18 | Listed for sale | $127,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-09 | $2474.00 | 6.36% | $145,900 | 15.61% |
| 2022-04-09 | $2326.00 | -1.44% | $126,200 | 4.13% |
| 2021-04-09 | $2360.00 | 2.88% | $121,200 | 4.84% |
Listed by: Joy Seyfer • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502488
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.
