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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 7001 Colpepper Dr SW, Cedar Rapids, IA, 52404 priced at $354,990 converts $2,783/mo rent into $470/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,783/mo, and annual cash flow totals $5,636/yr on $117,679 invested. Return on cash invested prints 24.7% in year one, and rental yield reads 9.41% against a $354,990 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,077 by year five. Five-year ROI reaches 128.96% and total cumulative return in cash sums $151,760. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,783/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.31 Acres lot
$N/A/sqft
$100 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 |
|---|---|---|
| 2024-09-17 | Price change | $354,990 |
| 2024-08-13 | Price change | $359,990 |
| 2024-05-14 | Price change | $364,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $118.00 | N/A | $5,300 | N/A |
| 2022-10-15 | N/A | N/A | $5,300 | N/A |
Listed by: Kathryn Greer • DRH Realty Of Iowa, LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2401144
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.
