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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 6723 Creekside Dr NE UNIT 8, Cedar Rapids, IA, 52402 earns from $916/mo rent with a $587/mo payment. Total monthly income totals $916/mo. ROI tracks 17.9% on current figures, and rental yield reads 9.17% at a $119,900 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 over five years. Five-year ROI reaches 94.77% and total cumulative return in cash sums $37,668. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $916/mo property income instead of your personal income.
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 |
|---|---|---|
| 2025-03-20 | Listed for sale | $119,900 |
| 2024-12-10 | Listing removed | $895 |
| 2024-11-08 | Price change | $895 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-25 | $1988.00 | 7.58% | $94,800 | 8.97% |
| 2022-03-25 | $1848.00 | 2.90% | $87,000 | 4.19% |
| 2021-03-25 | $1796.00 | 2.28% | $83,500 | 9.15% |
Listed by: Yasmine Rezai • LEPIC-KROEGER, REALTORS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501861
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.
