1114 Prairie Meadow Ct #12, Waterloo, IA, 50701 | $215/mo Cash Flow

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

Investment property for sale in Waterloo at 1114 Prairie Meadow Ct #12, Waterloo, IA, 50701 uses $39,747 cash to close to unlock $2,582/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $994/mo, and a $587/mo payment keeps the spread at $215/mo. Purchase price stands at $119,900, and rental yield measures 9.95% with $994/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 138.21% and total cumulative return in cash records $54,936. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $994/mo property income covering a $587/mo payment rather than investor’s personal income.

Condo

Built in 1973

4,791 sqft lot

$N/A/sqft

No HOA