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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 603 Rockhurst Dr SW, Cedar Rapids, IA, 52404 offers $2,765/mo rent that, after a $1,468/mo payment, leaves $711/mo cash flow. Total monthly income is $2,765/mo, and annual cash flow is $8,535/yr on $99,450 cash. Return on cash invested measures 28.49% in year one, and rental yield stands at 11.06% at a $300,000 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 149.77% and total cumulative return in cash reaches $148,944. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,765/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.27 Acres 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 |
|---|---|---|
| 2025-05-09 | Listed for sale | $300,000 |
| 2014-04-25 | Sold | $227,000 |
| 2014-02-19 | Price change | $244,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-10 | $5830.00 | -6.12% | $351,900 | 1.44% |
| 2023-05-10 | $6210.00 | 3.05% | $346,900 | 14.38% |
| 2022-05-10 | $6026.00 | 0.80% | $303,300 | 1.17% |
Listed by: Dawn Bowman • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503364
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.
