2222 W 3rd StWaterlooIA50701
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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 2222 W 3rd St, Waterloo, IA, 50701 offers a 8.74% rental yield on a $134,900 purchase with $983/mo rent. Total monthly income registers $983/mo, and a $660/mo payment leaves $107/mo available for distribution. Annual cash flow reaches $1,286/yr on $44,719 to close, and return on cash invested stands at 22.78% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 118.75% and total cumulative return in cash at $53,105. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $983/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
5,662 sqft lot
$N/A/sqft
No HOA
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Listed by: Hermina Ibricic • Vine Valley Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20253006
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