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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 4304 Banar Ave SW, Cedar Rapids, IA, 52404 priced at $218,000 converts $1,676/mo rent into $20/mo cash flow after a $1,067/mo obligation. Total monthly income equals $1,676/mo, and annual cash flow totals $242/yr on $72,267 invested. Return on cash invested prints 20.24% in year one, and rental yield reads 9.23% against a $218,000 entry. Equity gained on principal adds $1,407/yr, while 5% annual appreciation compiles into $60,229 by year five. Five-year ROI reaches 106.53% and total cumulative return in cash sums $76,987. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,676/mo property income covering a $1,067/mo payment, not borrower’s personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
$175 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 |
|---|---|---|
| 2025-04-18 | Sold | $218,000 |
| 2025-03-06 | Pending sale | $224,900 |
| 2024-10-17 | Price change | $224,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $4094.00 | 1.59% | $233,500 | N/A |
| 2023-10-20 | $4030.00 | N/A | $233,500 | 22.38% |
| 2022-10-20 | N/A | N/A | $190,800 | N/A |
Listed by: Kenneth Nye • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406239
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.
