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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 4502 1st Ave NW UNIT B, Cedar Rapids, IA, 52405 generates $1,011/mo in rent, after a $656/mo payment. Total monthly income is $1,011/mo. Return on cash invested sits at 16.18% in year one, and rental yield is 9.05% on a $134,000 entry. Equity gained on principal adds $865/yr, while 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 85.96% and total cumulative return in cash sums $38,183. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,011/mo property income rather than buyer’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
$243 monthly HOA
Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,239 (100%) |
| Owner Occupied HU | 7,767 (69.1%) |
| Renter Occupied HU | 2,888 (25.7%) |
| Vacant Housing Units | 584 ( 5.2%) |
| Median Home Value | $199,987 |
| Average Home Value | $230,161 |
Residential
11,162
Single Family
9,355
Multi-Family
1,807
Businesses
256
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $134,000 |
| 2014-07-01 | Sold | $107,000 |
| 2012-12-14 | Sold | $104,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-18 | $2464.00 | 1.90% | $139,100 | 10.66% |
| 2022-03-18 | $2418.00 | 7.66% | $125,700 | N/A |
| 2021-03-18 | $2246.00 | 2.74% | $125,700 | 13.86% |
Listed by: Arlene Heck • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501541
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.
