232 Ricker StWaterlooIA50703
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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
Investment Highlights
Investment property for sale in Waterloo at 232 Ricker St, Waterloo, IA, 50703 at $130,000 posts ROI 23.95% with $145/mo cash flow from $989/mo rent. Total monthly income equals $989/mo, and annual cash flow records $1,740/yr on $43,095 to close. Return on cash invested measures 23.95% and rental yield reads 9.13% at the current $130,000. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 by year five. Five-year ROI prints 124.89% and total cumulative return in cash totals $53,823.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $989/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1918
6,969 sqft 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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Nearby investment properties with comparable prices
Listed by: Cody Johnson • Karen Steffes Homes, LLC
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20244615
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