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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 6410 Hillcrest Rd, Cedar Rapids, IA, 52404 offers $2,598/mo rent that, after a $1,872/mo payment, leaves $41/mo cash flow. Total monthly income is $2,598/mo, and annual cash flow is $488/yr on $126,799 cash. Return on cash invested measures 20.29% in year one, and rental yield stands at 8.15% at a $382,500 entry. Equity gained on principal adds $2,468/yr while 5% annual appreciation compounds into $105,678 by year five. Five-year ROI records 105.55% and total cumulative return in cash reaches $133,842. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,598/mo property income versus a $1,872/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
1.09 Acres lot
$N/A/sqft
$220 quarterly 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 |
|---|---|---|
| 2024-12-06 | Listed for sale | $382,500 |
| 2024-11-30 | Listing removed | $385,000 |
| 2024-11-13 | Price change | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $3474.00 | -1.03% | $290,300 | 19.91% |
| 2022-01-27 | $3510.00 | 7.54% | $242,100 | -2.50% |
| 2021-01-27 | $3264.00 | 2.19% | $248,300 | 13.07% |
Listed by: Marie Schulte • RUHL & RUHL REALTORS®
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2408244
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.
