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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 3900 37th Ave SW UNIT C, Cedar Rapids, IA, 52404 generates $2,177/mo in rent and, after a $1,255/mo payment, leaves $291/mo in cash flow. Total monthly income is $2,177/mo, and annual cash flow is $3,497/yr on $85,030 invested. Return on cash invested sits at 24.02% in year one, and rental yield is 10.18% on a $256,500 entry. Equity gained on principal adds $1,655/yr, while 5% annual appreciation builds toward $70,866 over five years. Five-year ROI reaches 126.45% and total cumulative return in cash sums $107,519. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,177/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$195 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 |
|---|---|---|
| 2025-09-29 | Sold | $256,500 |
| 2025-09-05 | Pending sale | $267,000 |
| 2025-08-21 | Price change | $267,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $4202.00 | 2.74% | $232,200 | N/A |
| 2023-10-20 | $4090.00 | 7.74% | $232,200 | 20.00% |
| 2022-10-20 | $3796.00 | -3.11% | $193,500 | 5.39% |
Listed by: No Listing Agent Was Used On This Transaction • Cedar Rapids Area Association of REALTORS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2508238
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.
