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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% |
Rental property for sale in Cedar Rapids at 6807 Waterview Dr SW, Cedar Rapids, IA, 52404 offers $2,489/mo rent that, after a $1,322/mo payment, leaves $579/mo cash flow. Total monthly income is $2,489/mo, and annual cash flow is $6,947/yr on $89,505 cash. Return on cash invested measures 27.67% in year one, and rental yield stands at 11.06% at a $270,000 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,596 by year five. Five-year ROI records 145.62% and total cumulative return in cash reaches $130,333. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,489/mo property income versus a $1,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2013
N/A lot
$N/A/sqft
$150 monthly 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 |
|---|---|---|
| 2025-09-12 | Listed for sale | $270,000 |
| 2025-09-05 | Listing removed | $270,000 |
| 2025-08-01 | Listed for sale | $270,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-14 | $4176.00 | -16.91% | $237,900 | N/A |
| 2023-09-14 | $5026.00 | 6.85% | $237,900 | 0.93% |
| 2022-09-14 | $4704.00 | -10.43% | $235,700 | 4.57% |
Listed by: Valerie Dufoe • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2507784
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.
