2123 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
Investment property for sale in Waterloo at 2123 Downing Ave, Waterloo, IA, 50701 offers a 8.49% rental yield on a $186,500 purchase with $1,319/mo rent. Total monthly income registers $1,319/mo, and a $913/mo payment leaves $108/mo available for distribution. Annual cash flow reaches $1,291/yr on $61,825 to close, and return on cash invested stands at 22% in year one. Equity gained on principal adds $1,203/yr while 5% annual appreciation supports $51,527 over five years. Portfolio math shows five-year ROI at 114.47% and total cumulative return in cash at $70,769. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,319/mo property income against a $913/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
8,712 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Alissa-Peyton Folken • Century 21 Signature Real Estate - Cedar Falls
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20252519
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