321 Crescent St SE Cedar Rapids, IA 52403-1731
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 4,801 sqft
Price per Sqft $145
Bedrooms 5
Full Baths 6
Lot Size 0.590 Acres
Property Description
Projected annual rent:
$42,000
Property Tax:
$1,195
Insurance:
$1,700
Regular Maintenance:
$1,8600
Reserves for Replacement:
$3,400
Annual Expenses:
$4,095
Net Operating Income:
$24,905
CAP Rate:
5.84%
What Sets It Apart
This property offers unique features like a 3-car garage, a spa, and a fireplace in the primary bedroom, making it ideal for luxury upgrades. The formal dining room, spacious kitchen, and outdoor spaces enhance its rental appeal. With the right updates, this home can be transformed into a high-end rental property.
Investor HIghlights
At $699,990 with a 5.8% cap rate, this property offers strong investment potential. Rental income could reach $5,000-$6,000 per month after renovations. Recent updates like a new roof and refinished floors reduce initial investment costs, making this an attractive option for long-term returns.
Location
State IA
County Linn