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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 401 23rd St NE, Cedar Rapids, IA, 52402 listed at $179,900 pairs $1,721/mo rent with a $881/mo payment to leave $501/mo cash flow. Total monthly income runs $1,721/mo, and annual cash flow reaches $6,009/yr on $59,637 cash to close. Return on cash invested measures 29.98% in year one, and rental yield registers 11.48% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 157.67% and total cumulative return in cash totals $94,029. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,721/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
8,712 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-11-01 | Pending sale | $179,900 |
| 2024-10-24 | Listed for sale | $179,900 |
| 2024-08-29 | Listing removed | $185,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $3352.00 | 5.14% | $173,900 | 3.64% |
| 2022-11-20 | $3188.00 | 1.40% | $167,800 | 3.01% |
| 2021-11-20 | $3144.00 | 2.88% | $162,900 | 7.81% |
Listed by: Rachel Barnes • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202406004
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
