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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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Listed by: Cal Ernst • Realty87
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2506848
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.
Investment property for sale in Cedar Rapids at 5500 Sharon Ln NW, Cedar Rapids, IA, 52405 offers a 10.5% rental yield on a $200,000 purchase with $1,750/mo rent. Total monthly income registers $1,750/mo, and a $979/mo payment leaves $451/mo available for distribution. Annual cash flow reaches $5,412/yr on $66,300 to close, and return on cash invested stands at 28.07% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 147% and total cumulative return in cash at $97,460. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,750/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
8,102 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 |
|---|---|---|
| 2025-08-08 | Listed for sale | $200,000 |
| 2023-09-11 | Sold | $175,000 |
| 2023-08-14 | Pending sale | $175,000 |
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-13 | $2731.00 | -4.88% | $157,900 | 5.97% |
| 2023-08-13 | $2871.00 | 6.93% | $149,000 | 13.22% |
| 2022-08-13 | $2685.00 | 16.79% | $131,600 | 5.28% |
