1429 Downing AveWaterlooIA50701
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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 1429 Downing Ave, Waterloo, IA, 50701 priced at $187,000 converts $1,696/mo rent into $432/mo cash flow after a $915/mo obligation. Total monthly income equals $1,696/mo, and annual cash flow totals $5,189/yr on $61,991 invested. Return on cash invested prints 28.28% in year one, and rental yield reads 10.88% against a $187,000 entry. Equity gained on principal adds $1,207/yr, while 5% annual appreciation compiles into $51,665 by year five. Five-year ROI reaches 148.5% and total cumulative return in cash sums $92,058. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,696/mo property income covering a $915/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.41 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Amy Schaefer • RE/MAX Concepts - Cedar Falls
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20251280
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