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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 6959 Waterview Dr SW, Cedar Rapids, IA, 52404 with 5% annual appreciation on a $300,000 basis while $2,154/mo rent supports operations. Total monthly income totals $2,154/mo and a $1,468/mo payment preserves $1/mo for cash returns. Annual cash flow comes to $9/yr on $99,450 deployed, and return on cash invested reaches 19.92% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 8.62%. Five-year ROI measures 104.18% and total cumulative return in cash totals $103,608.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,154/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2015
N/A lot
$N/A/sqft
$1,800 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 |
|---|---|---|
| 2025-01-20 | Listed for sale | $300,000 |
| 2023-02-03 | Sold | $270,000 |
| 2023-01-15 | Pending sale | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $5222.00 | 6.70% | $248,700 | 0.28% |
| 2022-01-27 | $4894.00 | -5.92% | $248,000 | 4.38% |
| 2021-01-27 | $5202.00 | 2.81% | $237,600 | -1.16% |
Listed by: Carla Werning • Ruhl&Ruhl, REALTORS - CR
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202500562
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.
