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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 707 40th St SE, Cedar Rapids, IA, 52403 uses $79,543 cash to close to unlock $1,969/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,722/mo, and a $1,174/mo payment keeps the spread at $164/mo. Purchase price stands at $239,950, and rental yield measures 8.61% with $1,722/mo rent. Return on cash invested shows 22.38% in year one, and 5% annual appreciation builds toward $66,294 over five years. Five-year ROI reaches 116.57% and total cumulative return in cash records $92,723. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,722/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1955
8,799 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52403, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,261 (100%) |
| Owner Occupied HU | 7,355 (65.3%) |
| Renter Occupied HU | 2,954 (26.2%) |
| Vacant Housing Units | 952 ( 8.5%) |
| Median Home Value | $240,295 |
| Average Home Value | $311,384 |
Residential
10,390
Single Family
8,523
Multi-Family
1,867
Businesses
288
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Scott Rosekrans-Rosekrans Stines Team • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls ID: #2508395
