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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 905 3rd St SE APT 406, Cedar Rapids, IA, 52401 generates $1,220/mo in rent, after a $929/mo payment. Total monthly income is $1,220/mo. Return on cash invested sits at 10.23% in year one, and rental yield is 7.71% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 54.83% and total cumulative return in cash sums $34,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,220/mo property income rather than buyer’s personal income.
Condo
Built in 1946
N/A lot
$N/A/sqft
$5,940 annually HOA
Date | Event | Price |
|---|---|---|
| 2025-03-12 | Listed for sale | $189,900 |
| 2023-10-17 | Listing removed | N/A |
| 2023-10-06 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2021-03-17 | $3579.00 | 4.22% | $148,400 | -7.13% |
| 2020-03-17 | $3434.00 | -4.56% | $159,800 | N/A |
| 2019-03-17 | $3598.00 | N/A | $159,800 | -4.25% |
Listed by: Stacy Schroeder • Edge Realty Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202501627
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
