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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 6234 Eastview Ave SW, Cedar Rapids, IA, 52404 generates $2,056/mo in rent and, after a $1,194/mo payment, leaves $472/mo in cash flow. Total monthly income is $2,056/mo, and annual cash flow is $5,659/yr on $80,886 invested. Return on cash invested sits at 26.91% in year one, and rental yield is 10.11% on a $244,000 entry. Equity gained on principal adds $1,574/yr, while 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 140.77% and total cumulative return in cash sums $113,866. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,056/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
5,662 sqft 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 |
|---|---|---|
| 2025-08-29 | Sold | $244,000 |
| 2025-08-14 | Pending sale | $249,900 |
| 2025-07-07 | Price change | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $2798.00 | -4.70% | $197,200 | 24.73% |
| 2023-10-26 | $2936.00 | 19.54% | $158,100 | 13.58% |
| 2022-10-26 | $2456.00 | -0.65% | $139,200 | 9.18% |
Listed by: Rachel Koth • Keller Williams Legacy Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503980
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.
