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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 53 Devonwood Ave SW, Cedar Rapids, IA, 52404 generates $1,559/mo in rent and, after a $1,027/mo payment, leaves $196/mo in cash flow. Total monthly income is $1,559/mo, and annual cash flow is $2,354/yr on $69,582 invested. Return on cash invested sits at 23.29% in year one, and rental yield is 8.91% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 121.44% and total cumulative return in cash sums $84,500. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,559/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
8,500 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-10-07 | Listed for sale | $209,900 |
| 2013-05-20 | Listing removed | $133,000 |
| 2013-05-17 | Listed for sale | $133,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $3080.00 | 6.21% | $173,900 | 17.58% |
| 2022-10-15 | $2900.00 | 3.72% | $147,900 | 3.86% |
| 2021-10-15 | $2796.00 | 2.87% | $142,400 | 8.37% |
Listed by: Paul Canas • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406979
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.
