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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 645 34th St NE, Cedar Rapids, IA, 52402 generates $1,007/mo in rent and, after a $587/mo payment, leaves $228/mo in cash flow. Total monthly income is $1,007/mo, and annual cash flow is $2,736/yr on $39,780 invested. Return on cash invested sits at 26.79% in year one, and rental yield is 10.07% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 140.11% and total cumulative return in cash sums $55,735. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,007/mo property income rather than buyer’s personal income.
Single Family
Built in 1922
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,282 (100%) |
| Owner Occupied HU | 11,711 (60.7%) |
| Renter Occupied HU | 6,275 (32.5%) |
| Vacant Housing Units | 1,296 ( 6.7%) |
| Median Home Value | $208,064 |
| Average Home Value | $237,802 |
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
Date | Event | Price |
|---|---|---|
| 2025-06-24 | Sold | $120,000 |
| 2025-05-17 | Pending sale | $115,000 |
| 2025-05-14 | Listed for sale | $115,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $1320.00 | -10.08% | $87,500 | 2.82% |
| 2023-10-26 | $1468.00 | 11.72% | $85,100 | 8.41% |
| 2022-10-26 | $1314.00 | -7.07% | $78,500 | 8.43% |
Listed by: Cherokee Render • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503490
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.
