Condo Investment Properties for Sale in Cedar Rapids, IA
Listed for sale 1 day ago
$ 250,000
2 bds | 3 ba | 1,343 sqft
ROI
28.5
Cash Flow/m
607950 Acacia Dr NE, Cedar Rapids, IA, 52402
Listed for sale 1 day ago
$ 270,990
4 bds | 3 ba | 1,658 sqft
ROI
20.4Cash Flow/m
459327 Lovegrass Dr SW, Cedar Rapids, IA, 52404
Listed for sale 1 day ago
$ 270,990
4 bds | 3 ba | 1,658 sqft
ROI
20.4Cash Flow/m
459339 Lovegrass Dr SW, Cedar Rapids, IA, 52404
Listed for sale 2 days ago
$ 220,000
3 bds | 2 ba | 1,584 sqft
ROI
21.7Cash Flow/m
1201125 Crossings Ct NE, Cedar Rapids, IA, 52402
Why Invest in Cedar Rapids, Iowa?
Cedar Rapids, IA offers strong opportunities in the condo market for investors seeking stable cash flow. The city's diversified economy supports consistent rental demand from professionals. With average rents around $1,100 and cap rates near 7%, condos provide solid rental yields of 8-9%. Appreciation has averaged 4% annually, bolstered by urban revitalization projects. Low vacancy rates under 5% ensure reliable occupancy for condo investments.
9.5%
Avg. ROI
8.2%
Rental Yield
7.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer strong rental yields around 8% and cap rates of 7% due to steady job growth and low vacancies. The market's affordability supports positive cash flow. Appreciation trends at 4% add long-term value.
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