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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 51 29th Avenue Dr SW UNIT 1, Cedar Rapids, IA, 52404 listed at $137,500 pairs $1,098/mo rent with a $673/mo payment. Total monthly income runs $1,098/mo. Return on cash invested measures 17.96% in year one, and rental yield registers 9.58% at a $137,500 basis. Equity gained on principal adds $887/yr, and annual property appreciation at 5% supports $37,989 by year five. Five-year ROI tracks 95.42% and total cumulative return in cash totals $43,493. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,098/mo property income relative to a $673/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
N/A lot
$N/A/sqft
$263 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 |
|---|---|---|
| 2025-03-26 | Listed for sale | $137,500 |
| 2019-11-19 | Sold | $105,000 |
| 2019-10-18 | Listed for sale | $103,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-31 | $2284.00 | 9.18% | $117,300 | 4.73% |
| 2022-03-31 | $2092.00 | -4.47% | $112,000 | 6.46% |
| 2021-03-31 | $2190.00 | -5.77% | $105,200 | 0.38% |
Listed by: Chad Gloede • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502041
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.
