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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 6706 Waterview Dr SW, Cedar Rapids, IA, 52404 offers a 9.9% rental yield on a $255,000 purchase with $2,104/mo rent. Total monthly income registers $2,104/mo, and a $1,248/mo payment leaves $238/mo available for distribution. Annual cash flow reaches $2,861/yr on $84,533 to close, and return on cash invested stands at 23.29% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 122.5% and total cumulative return in cash at $103,556. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,104/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
N/A lot
$N/A/sqft
$2,400 annually 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 |
|---|---|---|
| 2025-06-20 | Sold | $255,000 |
| 2025-05-16 | Pending sale | $255,000 |
| 2025-05-06 | Listed for sale | $255,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $3992.00 | -5.36% | $228,100 | N/A |
| 2023-10-15 | $4218.00 | 9.56% | $228,100 | 14.45% |
| 2022-10-15 | $3850.00 | -2.38% | $199,300 | 7.09% |
Listed by: Nonmember NONMEMBER • NONMEMBER
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202504461
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
