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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 4604 1st Ave NW UNIT E, Cedar Rapids, IA, 52405 generates $1,258/mo in rent and, after a $685/mo payment, leaves $82/mo in cash flow. Total monthly income is $1,258/mo, and annual cash flow is $984/yr on $46,410 invested. Return on cash invested sits at 22.03% in year one, and rental yield is 10.78% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 117.13% and total cumulative return in cash sums $54,358. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,258/mo property income rather than buyer’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
$2,808 annually 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 |
|---|---|---|
| 2025-04-09 | Listed for sale | $140,000 |
| 2022-08-12 | Sold | $135,000 |
| 2022-07-12 | Pending sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-11 | $2524.00 | 1.77% | $130,100 | 8.69% |
| 2022-04-11 | $2480.00 | 6.99% | $119,700 | N/A |
| 2021-04-11 | $2318.00 | 2.66% | $119,700 | 13.89% |
Listed by: Debra Callahan • RE/MAX Concepts
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502374
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.
