2311 W 3rd StWaterlooIA50701
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2311 W 3rd St, Waterloo, IA, 50701 in Waterloo is a top-tier cash-flow asset. At $118,500 it produces $1,696/mo in rent and $919/mo in net monthly income, a 17.17% gross rental yield. The DSCR of 3.18 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $11,027. Five-year appreciation adds $32,739, driving a total cumulative return of $104,300.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.2% | 8.5% |
| Monthly Cash Flow | $919 | $325 |
City averages based on Waterloo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,696 |
| Total Monthly Debt Service | $730 |
| DSCR Ratio | 2.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1929
6,098 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1929
6,098 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Wienands • AWRE, EXP Realty, LLC
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20253797
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