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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 66 Cherry Hill Rd NW, Cedar Rapids, IA, 52405 with 5% annual appreciation on a $155,000 basis while $1,184/mo rent supports operations. Total monthly income totals $1,184/mo and a $759/mo payment preserves $124/mo for cash returns. Annual cash flow comes to $1,485/yr on $51,383 deployed, and return on cash invested reaches 22.8% in year one. Equity gained on principal adds $1,000/yr, and five-year appreciation sums $42,824 alongside rental yield of 9.17%. Five-year ROI measures 119.21% and total cumulative return in cash totals $61,252.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,184/mo property income versus a $759/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
7,448 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52405, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,239 (100%) |
| Owner Occupied HU | 7,767 (69.1%) |
| Renter Occupied HU | 2,888 (25.7%) |
| Vacant Housing Units | 584 ( 5.2%) |
| Median Home Value | $199,987 |
| Average Home Value | $230,161 |
Residential
11,162
Single Family
9,355
Multi-Family
1,807
Businesses
256
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Listed for sale | $155,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-09 | $2994.00 | 14.01% | $166,700 | 10.54% |
| 2022-04-09 | $2626.00 | N/A | $150,800 | 11.13% |
| 2021-04-09 | $2626.00 | 2.90% | $135,700 | 6.35% |
Listed by: Tabby Barnes • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502450
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.
