Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 5, Cedar Rapids, IA, 52402 listed at $119,900 pairs $1,126/mo rent with a $587/mo payment to leave $143/mo cash flow. Total monthly income runs $1,126/mo, and annual cash flow reaches $1,720/yr on $39,747 cash to close. Return on cash invested measures 24.24% in year one, and rental yield registers 11.27% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 128.73% and total cumulative return in cash totals $51,168. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,126/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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 |
|---|---|---|
| 2025-03-12 | Listed for sale | $119,900 |
| 2019-03-07 | Listing removed | $795 |
| 2019-03-04 | Listed for rent | $795 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-17 | $1988.00 | 7.58% | $94,800 | 8.97% |
| 2022-03-17 | $1848.00 | 2.90% | $87,000 | 4.19% |
| 2021-03-17 | $1796.00 | 2.28% | $83,500 | 9.15% |
Listed by: Bryant Nicholson • Affinity Real Estate Services
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501187
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.
