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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 5310 Midway Dr NW, Cedar Rapids, IA, 52405 with 5% annual appreciation on a $240,000 basis while $2,059/mo rent supports operations. Total monthly income totals $2,059/mo and a $1,175/mo payment preserves $500/mo for cash returns. Annual cash flow comes to $6,000/yr on $79,560 deployed, and return on cash invested reaches 27.45% in year one. Equity gained on principal adds $1,549/yr, and five-year appreciation sums $66,308 alongside rental yield of 10.29%. Five-year ROI measures 143.68% and total cumulative return in cash totals $114,314.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,059/mo property income versus a $1,175/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
7,405 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-10-14 | Price change | $240,000 |
| 2024-10-03 | Listed for sale | $245,000 |
| 2018-04-19 | Sold | $135,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $3006.00 | 2.73% | $165,600 | 9.38% |
| 2022-10-16 | $2926.00 | 0.07% | $151,400 | 0.80% |
| 2021-10-16 | $2924.00 | 2.89% | $150,200 | 6.45% |
Listed by: Jenna Burt • Keller Williams Legacy Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202405606
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.
