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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 7074 Waterview Dr SW, Cedar Rapids, IA, 52404 at $277,400 posts ROI 25.5% with $428/mo cash flow from $2,455/mo rent. Total monthly income equals $2,455/mo, and annual cash flow records $5,138/yr on $91,958 to close. Return on cash invested measures 25.5% and rental yield reads 10.62% at the current $277,400. Equity gained on principal adds $1,790/yr, and 5% annual appreciation supports $76,641 by year five. Five-year ROI prints 134.31% and total cumulative return in cash totals $123,512.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,455/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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 |
| 2024-02-23 | Price change | $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.
