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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 3502 Banar Dr SW UNIT A, Cedar Rapids, IA, 52404 generates $1,511/mo in rent, after a $1,028/mo payment. Total monthly income is $1,511/mo. Return on cash invested sits at 19.4% in year one, and rental yield is 8.63% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 101.66% and total cumulative return in cash sums $70,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,511/mo property income rather than buyer’s personal income.
Condo
Built in 2006
1 Acres lot
$N/A/sqft
$157 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 |
|---|---|---|
| 2025-03-07 | Listed for sale | $210,000 |
| 2017-12-08 | Sold | $135,000 |
| 2011-07-29 | Sold | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-13 | $3426.00 | 9.74% | $168,900 | 4.00% |
| 2022-03-13 | $3122.00 | -6.47% | $162,400 | 7.76% |
| 2021-03-13 | $3338.00 | 8.10% | $150,700 | -0.40% |
Listed by: Maddie Jasa • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501396
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.
