








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 3711 Bluebird Dr SW, Cedar Rapids, IA, 52404 listed at $299,500 pairs $2,088/mo rent with a $1,466/mo payment to leave $143/mo cash flow. Total monthly income runs $2,088/mo, and annual cash flow reaches $1,714/yr on $99,284 cash to close. Return on cash invested measures 21.63% in year one, and rental yield registers 8.37% at a $299,500 basis. Equity gained on principal adds $1,933/yr, and annual property appreciation at 5% supports $82,746 by year five. Five-year ROI tracks 112.5% and total cumulative return in cash totals $111,695. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,088/mo property income relative to a $1,466/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2020
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Jamie Wiley • RUHL & RUHL REALTORS®
Mls Name: CRAAR, CDRMLS
Mls ID: #2509726