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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 6047 Crestridge Ave SW, Cedar Rapids, IA, 52404 priced at $254,900 pairs $2,080/mo rent with $424/mo cash flow after a $1,248/mo payment. Total monthly income equals $2,080/mo, and annual cash flow comes to $5,090/yr on $84,499 invested. Return on cash invested is 25.93% in year one, and rental yield stands at 9.79% on a $254,900 basis. Equity gained on principal adds $1,645/yr, and 5% annual appreciation accumulates to $70,424 by year five. Five-year ROI measures 135.59% and total cumulative return in cash reaches $114,576. For financing, Ziffy Mortgage’s DSCR program evaluates $2,080/mo property income against a $1,248/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
8,325 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 |
|---|---|---|
| 2024-10-09 | Price change | $254,900 |
| 2024-09-30 | Price change | $262,500 |
| 2024-09-24 | Listed for sale | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2904.00 | 4.61% | $165,200 | 12.69% |
| 2022-10-15 | $2776.00 | -0.36% | $146,600 | 2.52% |
| 2021-10-15 | $2786.00 | 2.88% | $143,000 | 6.00% |
Listed by: Randon Hill • Epique Realty
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406689
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.
