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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 4056 Water Point Ct SW, Cedar Rapids, IA, 52404 generates $1,854/mo in rent, after a $1,615/mo payment. Total monthly income is $1,854/mo. Return on cash invested sits at 14.44% in year one, and rental yield is 6.74% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 74.72% and total cumulative return in cash sums $81,743. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,854/mo property income rather than buyer’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
$2,520 annually 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 |
|---|---|---|
| 2025-04-17 | Listed for sale | $330,000 |
| 1999-07-02 | Sold | $172,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-19 | $4382.00 | -15.01% | $248,700 | N/A |
| 2023-04-19 | $5156.00 | 8.14% | $248,700 | 2.94% |
| 2022-04-19 | $4768.00 | 4.75% | $241,600 | 5.83% |
Listed by: Julie Dancer • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502580
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.
