2509 E Bremer AveWaverlyIA50677
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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
Rental property for sale in Waverly at 2509 E Bremer Ave, Waverly, IA, 50677 generates $1,396/mo in rent, after a $1,370/mo payment. Total monthly income is $1,396/mo. Return on cash invested sits at 14.45% in year one, and rental yield is 5.98% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 73.97% and total cumulative return in cash sums $68,661. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,396/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
2.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50677, Waverly, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 3,755 (70.0%) |
| Renter Occupied HU | 1,111 (20.7%) |
| Vacant Housing Units | 501 ( 9.3%) |
| Median Home Value | $251,361 |
| Average Home Value | $282,613 |
Housing Distribution
Address Breakdown
Residential
5,014
Single Family
4,584
Multi-Family
430
Businesses
421
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