285 N Center StWaterlooIN46793
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
Investment Highlights
Rental property for sale in Waterloo at 285 N Center St, Waterloo, IN, 46793 offers $1,471/mo rent that, after a $1,067/mo payment, leaves $163/mo cash flow. Total monthly income is $1,471/mo, and annual cash flow is $1,950/yr on $72,234 cash. Return on cash invested measures 22.61% in year one, and rental yield stands at 8.1% at a $217,900 entry. Equity gained on principal adds $1,406/yr while 5% annual appreciation compounds into $60,202 by year five. Five-year ROI records 117.1% and total cumulative return in cash reaches $84,588. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,471/mo property income versus a $1,067/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46793, Waterloo, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,769 (100%) |
| Owner Occupied HU | 1,332 (75.3%) |
| Renter Occupied HU | 271 (15.3%) |
| Vacant Housing Units | 166 ( 9.4%) |
| Median Home Value | $248,427 |
| Average Home Value | $319,747 |
Housing Distribution
Address Breakdown
Residential
1,435
Single Family
1,411
Multi-Family
24
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula Albright • Wible Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520421
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.