Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 5401 1st Ave SW, Cedar Rapids, IA, 52404 offers a 12.87% rental yield on a $239,950 purchase with $2,574/mo rent. Total monthly income registers $2,574/mo, and a $1,174/mo payment leaves $1,004/mo available for distribution. Annual cash flow reaches $12,049/yr on $79,543 to close, and return on cash invested stands at 35.06% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,294 over five years. Portfolio math shows five-year ROI at 184.59% and total cumulative return in cash at $146,831. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,574/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
9,583 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 |
|---|---|---|
| 2024-10-15 | Price change | $239,950 |
| 2024-09-19 | Price change | $249,950 |
| 2024-09-12 | Listed for sale | $259,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $3792.00 | 6.94% | $196,400 | 9.23% |
| 2022-10-16 | $3546.00 | -0.06% | $179,800 | 5.02% |
| 2021-10-16 | $3548.00 | 8.63% | $171,200 | 6.47% |
Listed by: Cindy Guckenberger • Market Real Estate Group
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406366
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.
