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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 668 29th St NE, Cedar Rapids, IA, 52402 uses $81,218 cash to close to unlock $600/yr annual cash flow and $50/mo monthly cash flow. Total monthly income runs $1,641/mo, and a $1,199/mo payment keeps the spread at $50/mo. Purchase price stands at $245,000, and rental yield measures 8.04% with $1,641/mo rent. Return on cash invested shows 20.65% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 107.18% and total cumulative return in cash records $87,048. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,641/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1959
7,840 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 |
|---|---|---|
| 2025-04-15 | Listed for sale | $245,000 |
| 2016-03-31 | Sold | $165,000 |
| 2016-01-15 | Price change | $168,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-17 | $3442.00 | 6.89% | $197,800 | 14.93% |
| 2022-04-17 | $3220.00 | -3.59% | $172,100 | 4.68% |
| 2021-04-17 | $3340.00 | 2.83% | $164,400 | 2.75% |
Listed by: John Beck • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502649
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.
