2623 Kk RdWaterlooIL62298
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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 2623 Kk Rd, Waterloo, IL, 62298 earns $596/mo cash flow from $1,588/mo rent with a $700/mo payment. Total monthly income totals $1,588/mo, and annual cash flow totals $7,152/yr on $47,405 capital. ROI tracks 35% on current figures, and rental yield reads 13.33% at a $143,000 purchase. Equity gained on principal adds $923/yr, and 5% annual appreciation supports $39,508 over five years. Five-year ROI reaches 184.85% and total cumulative return in cash sums $87,628. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,588/mo property income instead of your personal income.
Single Family
Built in 1890
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62298, Waterloo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,538 (100%) |
| Owner Occupied HU | 5,947 (78.9%) |
| Renter Occupied HU | 1,251 (16.6%) |
| Vacant Housing Units | 340 ( 4.5%) |
| Median Home Value | $295,370 |
| Average Home Value | $322,634 |
Housing Distribution
Address Breakdown
Residential
7,397
Single Family
7,365
Multi-Family
32
Businesses
446
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Listed by: Rita Blissenbach • HOME SWEET HOME REAL ESTATE
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB458311
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-19 22:22:58 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)