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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% |
Rental property for sale in Cedar Rapids at 3502 Bluebird Dr SW, Cedar Rapids, IA, 52404 generates $2,365/mo in rent and, after a $1,517/mo payment, leaves $99/mo in cash flow. Total monthly income is $2,365/mo, and annual cash flow is $1,191/yr on $102,765 invested. Return on cash invested sits at 21.07% in year one, and rental yield is 9.15% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 110.55% and total cumulative return in cash sums $113,611. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,365/mo property income rather than buyer’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
$175 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 |
|---|---|---|
| 2025-06-25 | Listed for sale | $310,000 |
| 2021-11-30 | Sold | $298,500 |
| 2021-11-12 | Pending sale | $298,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-30 | $5646.00 | 2.32% | $298,000 | N/A |
| 2023-06-30 | $5518.00 | 10.71% | $298,000 | 19.63% |
| 2022-06-30 | $4984.00 | -4.12% | $249,100 | 8.63% |
Listed by: Deanna Howard • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504713
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.
