1012 Grant AveWaterlooIA50702
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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 1012 Grant Ave, Waterloo, IA, 50702 priced at $114,900 converts $923/mo rent into $177/mo cash flow after a $562/mo obligation. Total monthly income equals $923/mo, and annual cash flow totals $2,126/yr on $38,089 invested. Return on cash invested prints 25.49% in year one, and rental yield reads 9.64% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 133.27% and total cumulative return in cash sums $50,762. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $923/mo property income covering a $562/mo payment, not borrower’s personal income.
Single Family
Built in 1927
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50702, Waterloo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,610 (100%) |
| Owner Occupied HU | 5,353 (55.7%) |
| Renter Occupied HU | 3,444 (35.8%) |
| Vacant Housing Units | 813 ( 8.5%) |
| Median Home Value | $152,827 |
| Average Home Value | $176,096 |
Housing Distribution
Address Breakdown
Residential
8,934
Single Family
7,410
Multi-Family
1,524
Businesses
759
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Listed by: Jennifer Bainbridge • RE/MAX Concepts - Waterloo
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20250958
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