6965 Waterview Dr SW, Cedar Rapids, IA, 52404 | 7.47% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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6965 Waterview Dr SW, Cedar Rapids, IA, 52404 | 7.47% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Cedar Rapids at 6965 Waterview Dr SW, Cedar Rapids, IA, 52404 generates $1,868/mo in rent, after a $1,468/mo payment. Total monthly income is $1,868/mo. Return on cash invested sits at 18.94% in year one, and rental yield is 7.47% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 98.05% and total cumulative return in cash sums $97,512. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,868/mo property income rather than buyer’s personal income.

Condo

Built in 2014

N/A lot

$N/A/sqft

No HOA

More details about the property

This nicely landscaped, stand-alone condo offers picturesque water views. The great room boasts vaulted ceilings and a natural gas fireplace. There is a breakfast bar for everyday meals. The dining area has slider doors that open to a low-maintenance deck for outdoor enjoyment. The kitchen is equipped with stainless steel appliances. A dedicated laundry room includes a soaker sink, washer and dryer. The primary bedroom suite features a walk-in closet and a private bathroom. An additional main-level bedroom provides flexibility for use as an office, studio, or hobby room, complemented by a main-level bathroom with a tub/shower combination. The lower level includes a rec room with an electric fireplace, a spacious bedroom, and a bathroom with a tub/shower combination. You will find ample storage space in the unfinished area. Walking trails are accessible around the lake. The two-car garage is dry-walled, painted, and includes shelving and a water faucet.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52404, Cedar Rapids, IA area.

Housing Distribution

Housing Statistics

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