3649 Pheasant Ln APT 4WaterlooIA50701
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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 3649 Pheasant Ln APT 4, Waterloo, IA, 50701 uses $45,084 cash to close to unlock $3,197/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,350/mo, and a $666/mo payment keeps the spread at $266/mo. Purchase price stands at $136,000, and rental yield measures 11.91% with $1,350/mo rent. Return on cash invested shows 27% in year one, and 5% annual appreciation builds toward $37,574 over five years. Five-year ROI reaches 143.26% and total cumulative return in cash records $64,586. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,350/mo property income covering a $666/mo payment rather than investor’s personal income.
Condo
Built in 2003
3,484 sqft lot
$N/A/sqft
$200 monthly HOA
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Listed by: Rick Bauer • RE/MAX Concepts - Waterloo
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20253164
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