490 S Center StWaterlooIN46793
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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 490 S Center St, Waterloo, IN, 46793 earns $337/mo cash flow from $1,237/mo rent with a $734/mo payment. Total monthly income totals $1,237/mo, and annual cash flow totals $4,041/yr on $49,725 capital. ROI tracks 28.04% on current figures, and rental yield reads 9.9% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 146.16% and total cumulative return in cash sums $72,678. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,237/mo property income instead of your personal income.
Single Family
Built in 1900
4,617 sqft 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
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Listed by: Christina Koher • RE/MAX Results - Angola office
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532762
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.