320 N Library StWaterlooIL62298
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
Investment property for sale in Waterloo at 320 N Library St, Waterloo, IL, 62298 uses $82,875 cash to close to unlock $415/yr annual cash flow and $35/mo monthly cash flow. Total monthly income runs $1,769/mo, and a $1,224/mo payment keeps the spread at $35/mo. Purchase price stands at $250,000, and rental yield measures 8.49% with $1,769/mo rent. Return on cash invested shows 20.41% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 106.52% and total cumulative return in cash records $88,282. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,769/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1943
6,534 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices