216 W 3rd StWaterlooIL62298
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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 216 W 3rd St, Waterloo, IL, 62298 earns from $1,138/mo rent with a $852/mo payment. Total monthly income totals $1,138/mo. ROI tracks 18.47% on current figures, and rental yield reads 7.85% at a $174,000 purchase. Equity gained on principal adds $1,123/yr, and 5% annual appreciation supports $48,073 over five years. Five-year ROI reaches 96.12% and total cumulative return in cash sums $55,445. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,138/mo property income instead of your personal income.
Single Family
Built in 1940
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62298, Waterloo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,538 (100%) |
| Owner Occupied HU | 5,947 (78.9%) |
| Renter Occupied HU | 1,251 (16.6%) |
| Vacant Housing Units | 340 ( 4.5%) |
| Median Home Value | $295,370 |
| Average Home Value | $322,634 |
Housing Distribution
Address Breakdown
Residential
7,397
Single Family
7,365
Multi-Family
32
Businesses
446
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