201 Joy Dr, Waterloo, IA, 50701 | $262/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waterloo at 201 Joy Dr, Waterloo, IA, 50701 uses $66,267 cash to close to unlock $3,146/yr annual cash flow and $262/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $978/mo payment keeps the spread at $262/mo. Purchase price stands at $199,900, and rental yield measures 9.36% with $1,560/mo rent. Return on cash invested shows 24.66% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 128.77% and total cumulative return in cash records $85,333. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $978/mo payment rather than investor’s personal income.

Single Family

Built in 1948

0.27 Acres lot

$N/A/sqft

No HOA