$84,000 · CEDAR RAPIDS, IA 52405
Works for flippers

Available

$84,000Asking price

3 bd · 1 ba · 861 sq ft · built 1922

CEDAR RAPIDS, IA 52405

Contract on file

Price Drop

via InvestorLift Classic

Listed Nov 3

Works for flippers

Sells for (ARV)From the listing: $160,000
Asking price: −$84,000
RepairsMiddle of the seller’s $35,000 – $40,000. Ours: $25,000 – $44,500: −$37,500
Loan, holding, closing20% down, 12% interest, 2 points, 75 days: −$10,321
Profit17.6% of ARV · flippers want 10%+: $28,179
Works

Works for a flipper up to $95,000.

ORBIT PROPERTIES MANAGEMENT

Mike

No reviews yet

ARV $160,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $144,000.

The sales behind this value are shown to members.

ARV $160,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ORBIT PROPERTIES MANAGEMENT

Mike

No reviews yet

In and Out Rehab

Property highlights:

Proximity to the heart of Cedar Rapids, which has theaters and a historic museums.
Solid bones; needs light cosmetic work to bring this historic property back to life
At $84K, you're buying at 53% of $160K ARV.
Estimated rents once remodeled: $1,500 - $1,800

Repairs Needed:

This property is in need of a light cosmetic rehab to bring it back to life.
Needs new windows, bathroom, paint/floors, and light fixtures to maximize profits.

ARV:

2 comps below have one less bedroom, making 3 beds more desirable.
1649 B Ave NW, Cedar Rapids, IA 52405 - $158,000 (Dec 2025), 986 sqft, 3bed/1bath, 0.05 mi.
1062 G Ave NW, Cedar Rapids, IA 52405 - $155,000 (Aug 2026), 882 sqft, 2bed/1bath, 0.5 mi
1109 J Ave NW, Cedar Rapids, IA 52405 - $155,000 (June 2026), 825 sqft, 2bed/1bath, 0.6 mi

Contact ORBIT TODAY for photos, details, and walkthrough specifics: