Located in a quiet, family-friendly neighborhood, this home is just minutes away from Bowman Wood Elementary and Lindale Mall, and a short drive away from downtown Cedar Rapids. With only minor updates needed, such as paint and flooring, you can easily make this house your dream home or profitable investment property by taking it subject to the existing mortgage. At only $45k down, this deal provides an unbeatable cash-on-cash return and a highly sought-after interest rate.

Property Details:

🔹 4 bd

🔹 2.5 ba

🔹 2300 sqft interior, 10454 sqft lot

🔹 1977 build

🔹 No repairs needed

🔹 ARV: $300k

🔹 Est. Airbnb revenue: $56.8k/yr

Terms:

💲 Deal type: Subto

💲 Purchase price: $281k

💲 Downpayment: $45k

💲 Mortgage balance: $236k

💲 Interest rate: 3.85%

💲 Monthly pmt: $1,660.34/month

This deal's downpayment and interest rate make it a must have, along with its proximity to locations like Bowman Elementary (which is only a 4-minute walk!), Boyson Park, and Lindale Mall. You can own this property without any pre-approval or hard pull by taking over the existing loan! Whether you're an investor or are looking to make this your primary residence, this is an irresistable offer and will be sold in no time with these amazing terms. Submit your offers today! Call 770-525-0582 if you have any questions.