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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 617 21st Ave SW, Cedar Rapids, IA, 52404 earns $159/mo cash flow from $938/mo rent with a $587/mo payment. Total monthly income totals $938/mo, and annual cash flow totals $1,908/yr on $39,780 capital. ROI tracks 24.71% on current figures, and rental yield reads 9.38% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 128.95% and total cumulative return in cash sums $51,295. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $938/mo property income instead of your personal income.
Single Family
Built in 1929
5,600 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 |
|---|---|---|
| 2025-09-09 | Sold | $120,000 |
| 2025-08-19 | Pending sale | $125,000 |
| 2025-08-15 | Listed for sale | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $1628.00 | -6.65% | $92,000 | N/A |
| 2023-10-18 | $1744.00 | 13.39% | $92,000 | 11.25% |
| 2022-10-18 | $1538.00 | -2.78% | $82,700 | 11.46% |
Listed by: Dawn Bowman • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2507066
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.
