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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 6615 Creekside Dr NE UNIT 2, Cedar Rapids, IA, 52402 offers a 9.55% rental yield on a $119,900 purchase with $954/mo rent. 12% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 101.23% and total cumulative return in cash at $40,236. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $954/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2000
N/A lot
$N/A/sqft
$190 monthly HOA
Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,282 (100%) |
| Owner Occupied HU | 11,711 (60.7%) |
| Renter Occupied HU | 6,275 (32.5%) |
| Vacant Housing Units | 1,296 ( 6.7%) |
| Median Home Value | $208,064 |
| Average Home Value | $237,802 |
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
Date | Event | Price |
|---|---|---|
| 2025-01-24 | Listed for sale | $119,900 |
| 2025-01-22 | Listing removed | $995 |
| 2024-07-09 | Listed for rent | $995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $1958.00 | 7.58% | $93,400 | 8.98% |
| 2022-01-27 | $1820.00 | 2.82% | $85,700 | 4.26% |
| 2021-01-27 | $1770.00 | 2.31% | $82,200 | 9.02% |
Listed by: Bryant Nicholson • Affinity Real Estate Services
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2500566
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.
