61 E Cemetery Rd, Cedar Rapids, IA, 52228 | 6.61% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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61 E Cemetery Rd, Cedar Rapids, IA, 52228 | 6.61% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Cedar Rapids at 61 E Cemetery Rd, Cedar Rapids, IA, 52228 generates $2,974/mo in rent, after a $2,643/mo payment. Total monthly income is $2,974/mo. Return on cash invested sits at 16.46% in year one, and rental yield is 6.61% on a $539,950 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation builds toward $149,178 over five years. Five-year ROI reaches 84.74% and total cumulative return in cash sums $150,538. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,974/mo property income rather than buyer’s personal income.

Single Family

Built in 1997

1.04 Acres lot

$N/A/sqft

No HOA

More details about the property

FAIRFAX IN TOWN ACREAGE 5 BEDROOM 3.5 BATH. Experience refined living in this beautifully reimagined ranch estate, set on over an acre of pristine land with sweeping views of your private back yard with timberline and creek views. Located in College Community School District with bus stop in front of home! Since 2024, the lower level has been completely remodeled, now featuring an expanded layout with window wells, a spacious new family room, and the addition of a fifth conforming bedroom, perfect for guests or multigenerational living. Inside, soaring vaulted ceilings, wood-look tile plank floors, and walls of natural light create an inviting, open-concept design. The chefs kitchen boasts dark cabinetry, a striking subway tile backsplash, stainless steel appliances, and an oversized granite island with seating for gatherings of any size. Adjacent spaces include a walk-in pantry, drop zone with sliding barn doors, and a half-bath/laundry combo. The luxurious primary suite offers a spa-inspired bath with cultured marble vanities, dual sinks, glass-enclosed tile shower, and walk-in closet. Additional bedrooms feature large closets and upgraded baths with granite finishes. The remodeled lower-level impresses with a spacious home office, media/TV area, full bath, storage, and two conforming bedrooms. Outdoors, enjoy mature landscaping, a multi-tiered deck, chain-link fencing, paved walkways, and a generous garden space. The property also highlights exceptional garage amenities: a spacious attached garage plus a bonus detached oversized garage with a 10x16 overhead door, ideal for hobbyists, boats, or oversized vehicles. Every detail has been thoughtfully designed to blend elegance, function, and comfort. This home offers the rare combination of small-town serenity with easy access to Corridor conveniences.OPEN HOUSE SAT & SUN (9/27 & 9/28) 1-2:30PM.