3606 Bluebird Dr SW, Cedar Rapids, IA, 52404 | 6.7% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

3606 Bluebird Dr SW, Cedar Rapids, IA, 52404 | 6.7% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
2132 sft

1022 Chatham Dr, Williamsburg, IA, 52361

2 Bed
3 Bath
2250 sft

311 Highland Ave, Fairfax, IA, 52228

3 Bed
3 Bath
2404 sft

4048 Lakeview Dr SW, Cedar Rapids, IA, 52404

3 Bed
2 Bath
1684 sft

554 Clover Ridge Dr, Walford, IA, 52351

Nearby investment properties with comparable prices

5 Bed
4 Bath
2831 sft

120 Highland Ave, Fairfax, IA, 52228

5 Bed
3 Bath
2866 sft

340 Circle Dr, Walford, IA, 52351

4 Bed
2 Bath
2740 sft

3704 Cynthia Ln, Fairfax, IA, 52228

3 Bed
3 Bath
2266 sft

3506 Goldfinch Ct SW, Cedar Rapids, IA, 52404

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Investment property for sale in Cedar Rapids at 3606 Bluebird Dr SW, Cedar Rapids, IA, 52404 offers a 6.7% rental yield on a $355,000 purchase with $1,981/mo rent. 59% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 85.45% and total cumulative return in cash at $100,560. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,981/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2019

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to easy living on the SW side of Cedar Rapids! This beautiful zero entry condo offers all the space and style youve been looking for. Step inside to find luxury upgrades throughout from the expansive island perfect for entertaining to the sleek, high-end appliances that make cooking a breeze. Youll love the modern windows and window fixtures that let in tons of natural light, and the convenient central vac system adds a touch of everyday ease. The main level offers generous living space, while the finished basement gives you even more room to spread out plus plenty of storage for all your extras. Outside the walkout, enjoy your own fenced patio for a little private outdoor relaxation. This condo also features a large two stall garage. With thoughtful updates, great features, and a comfortable layout, this condo has it all. Dont miss your chance to make it yours!

Neighborhood Data

Neighborhood data shown for ZIP Code: 52404, Cedar Rapids, IA area.

Housing Distribution

Housing Statistics

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