








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 3516 Pioneer Ave SE, Cedar Rapids, IA, 52405 earns from $1,788/mo rent with a $1,370/mo payment. Total monthly income totals $1,788/mo. ROI tracks 15.57% on current figures, and rental yield reads 7.67% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 81.43% and total cumulative return in cash sums $75,553. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,788/mo property income instead of your personal income.
Condo
Built in 2015
N/A lot
$N/A/sqft
$275 monthly 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 |
|---|---|---|
| 2025-05-09 | Listed for sale | $279,900 |
| 2020-08-18 | Sold | $274,000 |
| 2016-06-27 | Sold | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-13 | $4620.00 | -13.77% | $269,600 | 3.26% |
| 2023-05-13 | $5358.00 | 13.71% | $261,100 | 2.80% |
| 2022-05-13 | $4712.00 | -5.34% | $254,000 | 11.65% |



Listed by: Karen Mathison • COLDWELL BANKER HEDGES
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503210
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.