231 McKay AveWaterlooIA50703
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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 231 McKay Ave, Waterloo, IA, 50703 listed at $189,900 pairs $1,586/mo rent with a $929/mo payment to leave $353/mo cash flow. Total monthly income runs $1,586/mo, and annual cash flow reaches $4,238/yr on $62,952 cash to close. Return on cash invested measures 26.64% in year one, and rental yield registers 10.02% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 139.41% and total cumulative return in cash totals $87,761. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,586/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50703, Waterloo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,698 (100%) |
| Owner Occupied HU | 4,318 (49.6%) |
| Renter Occupied HU | 3,403 (39.1%) |
| Vacant Housing Units | 977 (11.2%) |
| Median Home Value | $107,489 |
| Average Home Value | $151,991 |
Housing Distribution
Address Breakdown
Residential
8,057
Single Family
7,161
Multi-Family
896
Businesses
581
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