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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 3840 37th Ave SW UNIT F, Cedar Rapids, IA, 52404 uses $54,698 cash to close to unlock $6,195/yr annual cash flow and $516/mo monthly cash flow. Total monthly income runs $1,614/mo, and a $808/mo payment keeps the spread at $516/mo. Purchase price stands at $165,000, and rental yield measures 11.74% with $1,614/mo rent. Return on cash invested shows 31.24% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 164.23% and total cumulative return in cash records $89,831. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,614/mo property income covering a $808/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A 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 |
|---|---|---|
| 2025-06-20 | Listed for sale | $165,000 |
| 2020-12-11 | Sold | $129,500 |
| 2010-02-22 | Sold | $107,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-20 | $2816.00 | 7.24% | $159,100 | N/A |
| 2023-06-20 | $2626.00 | 5.80% | $159,100 | 24.88% |
| 2022-06-20 | $2482.00 | 0.40% | $127,400 | 3.41% |
Listed by: Adam Green • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504595
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.
