3824 Monterey Dr, Waterloo, IA, 50701 | $145/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waterloo at 3824 Monterey Dr, Waterloo, IA, 50701 uses $76,212 cash to close to unlock $1,742/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $1,638/mo, and a $1,125/mo payment keeps the spread at $145/mo. Purchase price stands at $229,900, and rental yield measures 8.55% with $1,638/mo rent. Return on cash invested shows 22.19% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 115.56% and total cumulative return in cash records $88,067. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,638/mo property income covering a $1,125/mo payment rather than investor’s personal income.

Single Family

Built in 1976

8,276 sqft lot

$N/A/sqft

No HOA