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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 3900 Lakeview Dr SW, Cedar Rapids, IA, 52404 offers a 6.85% rental yield on a $219,500 purchase with $1,253/mo rent. 19% in year one. Equity gained on principal adds $1,416/yr while 5% annual appreciation supports $60,644 over five years. Portfolio math shows five-year ROI at 68.64% and total cumulative return in cash at $49,942. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,253/mo property income against a $1,074/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
$235 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 |
|---|---|---|
| 2025-05-29 | Listed for sale | $219,500 |
| 2012-03-29 | Sold | $135,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $3262.00 | -12.17% | $189,600 | N/A |
| 2023-05-30 | $3714.00 | 4.15% | $189,600 | 7.42% |
| 2022-05-30 | $3566.00 | 0.51% | $176,500 | 2.02% |
Listed by: Teresa Smalley • COLDWELL BANKER HEDGES
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503917
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.
