1658 Glenny AveWaterlooIA50702
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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 1658 Glenny Ave, Waterloo, IA, 50702 uses $59,637 cash to close to unlock $6,842/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $1,739/mo, and a $881/mo payment keeps the spread at $570/mo. Purchase price stands at $179,900, and rental yield measures 11.6% with $1,739/mo rent. Return on cash invested shows 31.38% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 164.85% and total cumulative return in cash records $98,313. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,739/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1955
8,712 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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