




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 4406 Banar Ave SW, Cedar Rapids, IA, 52404 at $199,900 posts ROI 21.51% with $88/mo cash flow from $1,561/mo rent. Total monthly income equals $1,561/mo, and annual cash flow records $1,058/yr on $66,267 to close. Return on cash invested measures 21.51% and rental yield reads 9.37% at the current $199,900. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 by year five. Five-year ROI prints 113.02% and total cumulative return in cash totals $74,893.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,561/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2023
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 |
|---|---|---|
| 2025-06-02 | Sold | $199,900 |
| 2025-04-17 | Pending sale | $199,900 |
| 2024-12-13 | Price change | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Autumn Wood • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2405966
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.