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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Cedar Rapids at 2908 Riviera St SW UNIT B, Cedar Rapids, IA, 52404 earns $551/mo cash flow from $2,137/mo rent with a $1,040/mo payment. Total monthly income totals $2,137/mo, and annual cash flow totals $6,612/yr on $70,444 capital. ROI tracks 29.29% on current figures, and rental yield reads 12.07% at a $212,500 purchase. Equity gained on principal adds $1,371/yr, and 5% annual appreciation supports $58,710 over five years. Five-year ROI reaches 154.82% and total cumulative return in cash sums $109,064. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,137/mo property income instead of your personal income.
Condo
Built in 2015
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood data shown for ZIP Code: 52404, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,968 (100%) |
| Owner Occupied HU | 11,682 (55.7%) |
| Renter Occupied HU | 7,536 (35.9%) |
| Vacant Housing Units | 1,750 ( 8.3%) |
| Median Home Value | $201,736 |
| Average Home Value | $240,149 |
Residential
19,505
Single Family
14,648
Multi-Family
4,857
Businesses
1,391
Date | Event | Price |
|---|---|---|
| 2025-08-22 | Sold | $212,500 |
| 2025-08-04 | Pending sale | $225,000 |
| 2025-07-11 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $3302.00 | -12.46% | $207,400 | 7.24% |
| 2023-10-15 | $3772.00 | 4.31% | $193,400 | 5.97% |
| 2022-10-15 | $3616.00 | 0.64% | $182,500 | 2.07% |
Listed by: Adam Lau • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2505911
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.
