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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 7020 Chenango Ln SW, Cedar Rapids, IA, 52404 offers a 9.51% rental yield on a $349,990 purchase with $2,773/mo rent. Total monthly income registers $2,773/mo, and a $1,713/mo payment leaves $492/mo available for distribution. Annual cash flow reaches $5,900/yr on $116,022 to close, and return on cash invested stands at 24.99% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,696 over five years. Portfolio math shows five-year ROI at 130.55% and total cumulative return in cash at $151,463. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,773/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
10,454 sqft lot
$N/A/sqft
$100 annually 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 |
|---|---|---|
| 2024-12-09 | Price change | $349,990 |
| 2024-11-14 | Price change | $358,990 |
| 2024-10-22 | Price change | $359,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $90.00 | N/A | $4,100 | N/A |
| 2022-01-27 | N/A | N/A | $4,100 | N/A |
Listed by: Kathryn Greer • DRH Realty Of Iowa, LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2401293
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.
