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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 5706 Mayfair St SW, Cedar Rapids, IA, 52404 with 5% annual appreciation on a $329,000 basis while $2,310/mo rent supports operations. Total monthly income totals $2,310/mo and a $1,610/mo payment preserves $174/mo for cash returns. Annual cash flow comes to $2,083/yr on $109,064 deployed, and return on cash invested reaches 21.82% in year one. Equity gained on principal adds $2,123/yr, and five-year appreciation sums $90,897 alongside rental yield of 8.43%. Five-year ROI measures 113.5% and total cumulative return in cash totals $123,789.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,310/mo property income versus a $1,610/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2010
9,060 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 |
|---|---|---|
| 2024-10-06 | Listed for sale | $329,000 |
| 2014-09-10 | Sold | $216,000 |
| 2010-05-19 | Sold | $213,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $4732.00 | 8.14% | $268,600 | 13.52% |
| 2022-10-15 | $4376.00 | -6.22% | $236,600 | 5.81% |
| 2021-10-15 | $4666.00 | 6.48% | $223,600 | 0.09% |
Listed by: Randy Richter • RUHL & RUHL REALTORS®
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406972
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.
