1122 Oleson RdWaterlooIA50702
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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
Investment property for sale in Waterloo at 1122 Oleson Rd, Waterloo, IA, 50702 uses $40,112 cash to close to unlock $2,021/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $954/mo, and a $592/mo payment keeps the spread at $168/mo. Purchase price stands at $121,000, and rental yield measures 9.46% with $954/mo rent. Return on cash invested shows 24.95% in year one, and 5% annual appreciation builds toward $33,430 over five years. Five-year ROI reaches 130.34% and total cumulative return in cash records $52,281. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $954/mo property income covering a $592/mo payment rather than investor’s personal income.
Condo
Built in 1980
5,227 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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