








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Hiawatha at 250 Cimarron Dr UNIT 106, Hiawatha, IA, 52233 earns $176/mo cash flow from $1,393/mo rent with a $744/mo payment. Total monthly income totals $1,393/mo, and annual cash flow totals $2,110/yr on $50,388 capital. ROI tracks 24.1% on current figures, and rental yield reads 11% at a $152,000 purchase. Equity gained on principal adds $981/yr, and 5% annual appreciation supports $41,995 over five years. Five-year ROI reaches 127.67% and total cumulative return in cash sums $64,330. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,393/mo property income instead of your personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
$230 monthly HOA
Neighborhood data shown for ZIP Code: 52233, Hiawatha, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,235 (100%) |
| Owner Occupied HU | 1,934 (59.8%) |
| Renter Occupied HU | 1,107 (34.2%) |
| Vacant Housing Units | 194 ( 6.0%) |
| Median Home Value | $226,802 |
| Average Home Value | $227,545 |
Residential
3,357
Single Family
2,339
Multi-Family
1,018
Businesses
566
Date | Event | Price |
|---|---|---|
| 2025-04-05 | Listed for sale | $152,000 |
| 2013-06-18 | Sold | $92,500 |
| 2001-09-04 | Sold | $85,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-19 | $1950.00 | 7.38% | $139,500 | 2.50% |
| 2023-04-19 | $1816.00 | 1.34% | $136,100 | 38.31% |
| 2022-04-19 | $1792.00 | -3.76% | $98,400 | N/A |



Listed by: Travis Burke • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502383
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.