Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 3602 Bluebird Dr SW, Cedar Rapids, IA, 52404 uses $76,245 cash to close to unlock $1,976/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $1,870/mo, and a $1,126/mo payment keeps the spread at $165/mo. Purchase price stands at $230,000, and rental yield measures 9.76% with $1,870/mo rent. Return on cash invested shows 22.5% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 118.35% and total cumulative return in cash records $90,235. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,870/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Condo
Built in 2019
N/A lot
$N/A/sqft
$150 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 |
|---|---|---|
| 2025-07-18 | Sold | $230,000 |
| 2025-06-28 | Pending sale | $238,500 |
| 2025-06-21 | Listed for sale | $238,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-04 | $4232.00 | -0.89% | $240,800 | N/A |
| 2023-11-04 | $4270.00 | -1.70% | $240,800 | 19.44% |
| 2022-11-04 | $4344.00 | 6.94% | $201,600 | -3.45% |
Listed by: Eric Rosenthal • Realty87
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202504138
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
