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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 7032 Waterview Dr SW, Cedar Rapids, IA, 52404 earns $207/mo cash flow from $1,927/mo rent with a $1,126/mo payment. Total monthly income totals $1,927/mo, and annual cash flow totals $2,480/yr on $76,245 capital. ROI tracks 23.16% on current figures, and rental yield reads 10.05% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 121.97% and total cumulative return in cash sums $92,995. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,927/mo property income instead of your personal income.
Condo
Built in 2009
N/A lot
$N/A/sqft
$225 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 |
|---|---|---|
| 2025-10-02 | Pending sale | $230,000 |
| 2025-09-08 | Listed for sale | $230,000 |
| 2025-09-05 | Pending sale | $230,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $3512.00 | -11.94% | $202,800 | N/A |
| 2023-10-08 | $3988.00 | 4.02% | $202,800 | 7.36% |
| 2022-10-08 | $3834.00 | -0.47% | $188,900 | 1.89% |
Listed by: Tim Scherbring • Epique Realty
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2506684
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.
