1406 Leitha TerWaverlyIA50677
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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 Waverly at 1406 Leitha Ter, Waverly, IA, 50677 generates $2,269/mo in rent and, after a $1,640/mo payment, leaves $93/mo in cash flow. Total monthly income is $2,269/mo, and annual cash flow is $1,116/yr on $111,053 invested. Return on cash invested sits at 20.91% in year one, and rental yield is 8.13% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 108.63% and total cumulative return in cash sums $120,632. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,269/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50677, Waverly, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 3,755 (70.0%) |
| Renter Occupied HU | 1,111 (20.7%) |
| Vacant Housing Units | 501 ( 9.3%) |
| Median Home Value | $251,361 |
| Average Home Value | $282,613 |
Housing Distribution
Address Breakdown
Residential
5,014
Single Family
4,584
Multi-Family
430
Businesses
421
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