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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% |
Investment property for sale in Cedar Rapids at 6601 Ohio St SW, Cedar Rapids, IA, 52404 uses $106,975 cash to close to unlock $3,128/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $2,356/mo, and a $1,579/mo payment keeps the spread at $261/mo. Purchase price stands at $322,700, and rental yield measures 8.76% with $2,356/mo rent. Return on cash invested shows 22.83% in year one, and 5% annual appreciation builds toward $89,156 over five years. Five-year ROI reaches 118.93% and total cumulative return in cash records $127,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,356/mo property income covering a $1,579/mo payment rather than investor’s personal income.
Single Family
Built in 2010
9,583 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 |
|---|---|---|
| 2025-12-03 | Price change | $322,700 |
| 2025-11-15 | Price change | $329,000 |
| 2025-09-27 | Listed for sale | $335,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-09 | $4548.00 | 1.07% | $258,800 | 3.31% |
| 2023-12-09 | $4500.00 | 3.73% | $250,500 | 18.16% |
| 2022-12-09 | $4338.00 | -2.95% | $212,000 | 1.63% |
Listed by: JJ Johannes • Epique Realty
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2509614
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.
