7106 Waterview Dr SW, Cedar Rapids, IA, 52404 | 6.31% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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7106 Waterview Dr SW, Cedar Rapids, IA, 52404 | 6.31% 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 7106 Waterview Dr SW, Cedar Rapids, IA, 52404 priced at $325,000 converts $1,708/mo rent into after a $1,591/mo obligation. Total monthly income equals $1,708/mo. Return on cash invested prints 15.42% in year one, and rental yield reads 6.31% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 79.17% and total cumulative return in cash sums $85,297. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,708/mo property income covering a $1,591/mo payment, not borrower’s personal income.

Condo

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

This inviting ranch-style duplex offers a zero-entry design and a quaint floorplan, with 1,030 sq. ft. of above-ground living space and an additional 980 sq. ft. in the finished basement. This home features 3 bedrooms and 2.5 bathrooms, including a primary bathroom suite for added convenience and privacy. Located in the beautiful Waterview development, residents can enjoy serene ponds and picturesque views throughout the community. The interior exudes elegance with stunning hardwood cabinets, stylish stone countertops, and top-of-the-line LVP flooring that combines durability with luxury. A built-in fireplace adds warmth and character to the living space, making it perfect for relaxing or entertaining. Dont miss the chance to make this charming condo your new home! Disclaimer: Photos may be 3D renderings or images of a similar property.

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