








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 3921 Lexington Dr NE APT C, Cedar Rapids, IA, 52402 uses $51,383 cash to close to unlock $144/yr annual cash flow and $12/mo monthly cash flow. Total monthly income runs $1,201/mo, and a $759/mo payment keeps the spread at $12/mo. Purchase price stands at $155,000, and rental yield measures 9.3% with $1,201/mo rent. Return on cash invested shows 20.19% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 106.29% and total cumulative return in cash records $54,616. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,201/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$182 monthly HOA
Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,282 (100%) |
| Owner Occupied HU | 11,711 (60.7%) |
| Renter Occupied HU | 6,275 (32.5%) |
| Vacant Housing Units | 1,296 ( 6.7%) |
| Median Home Value | $208,064 |
| Average Home Value | $237,802 |
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
Date | Event | Price |
|---|---|---|
| 2025-06-27 | Listed for sale | $155,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Judith Sloane • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504469
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.