1001 Evansville AveWaterlooIL62298
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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
Investment Highlights
Rental property for sale in Waterloo at 1001 Evansville Ave, Waterloo, IL, 62298 priced at $525,000 converts $2,982/mo rent into after a $2,570/mo obligation. Total monthly income equals $2,982/mo. Return on cash invested prints 15.48% in year one, and rental yield reads 6.82% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 80.04% and total cumulative return in cash sums $138,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,982/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62298, Waterloo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,538 (100%) |
| Owner Occupied HU | 5,947 (78.9%) |
| Renter Occupied HU | 1,251 (16.6%) |
| Vacant Housing Units | 340 ( 4.5%) |
| Median Home Value | $295,370 |
| Average Home Value | $322,634 |
Housing Distribution
Address Breakdown
Residential
7,397
Single Family
7,365
Multi-Family
32
Businesses
446
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Listed by: Tammy A Hines • Tammy Mitchell Hines & Co.
Mls Name: MARIS
Mls Provider:
Mls ID: #24054098
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