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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 6326 Quail Ridge Dr SW, Cedar Rapids, IA, 52404 priced at $259,900 converts $1,603/mo rent into after a $1,272/mo obligation. Total monthly income equals $1,603/mo. Return on cash invested prints 14.76% in year one, and rental yield reads 7.4% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 77.09% and total cumulative return in cash sums $66,418. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,603/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
$285 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 |
|---|---|---|
| 2024-10-10 | Listed for sale | $259,900 |
| 2000-03-30 | Sold | $181,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $3920.00 | 1.87% | $242,800 | 24.70% |
| 2022-10-15 | $3848.00 | -1.54% | $194,700 | N/A |
| 2021-10-15 | $3908.00 | 2.84% | $194,700 | 4.85% |
Listed by: Julie Junge • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2407092
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.
