125-127 Wallace PlWaterlooIA50702
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 125-127 Wallace Pl, Waterloo, IA, 50702 in Waterloo worth study. Rental yield 4.8%. The 4.8% gross yield is below cash-flow benchmarks at $269,900, but 5% annual appreciation, adding $74,568 over five years, frames this as a capital growth position. Rent of $1,080/mo partially offsets the $1,214/mo payment. Ziffy Mortgage finances appreciation-play properties (0.89 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $59,420.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 8.5% |
| Monthly Cash Flow | $(673) | $325 |
City averages based on Waterloo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,080 |
| Total Monthly Debt Service | $1,645 |
| DSCR Ratio | 0.66x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1964
0.48 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1964
0.48 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices