








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 7074 Waterview Dr, Cedar Rapids, IA, 52404 earns from $1,708/mo rent with a $1,358/mo payment. Total monthly income totals $1,708/mo. ROI tracks 15.75% on current figures, and rental yield reads 7.39% at a $277,400 purchase. Equity gained on principal adds $1,790/yr, and 5% annual appreciation supports $76,641 over five years. Five-year ROI reaches 82.05% and total cumulative return in cash sums $75,452. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,708/mo property income instead of your personal income.
Condo
Built in 2021
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 |
|---|---|---|
| 2024-06-11 | Price change | $277,400 |
| 2024-05-28 | Price change | $279,900 |
| 2024-03-21 | Listed for sale | $282,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Rhyse Pelley • Twenty40 Real Estate + Development
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2401878
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.