506 Eureka StWaterlooIA50702
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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 506 Eureka St, Waterloo, IA, 50702 listed at $122,500 pairs $1,144/mo rent with a $600/mo payment to leave $303/mo cash flow. Total monthly income runs $1,144/mo, and annual cash flow reaches $3,641/yr on $40,609 cash to close. Return on cash invested measures 28.87% in year one, and rental yield registers 11.21% at a $122,500 basis. Equity gained on principal adds $790/yr, and annual property appreciation at 5% supports $33,844 by year five. Five-year ROI tracks 151.86% and total cumulative return in cash totals $61,668. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,144/mo property income relative to a $600/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50702, Waterloo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,610 (100%) |
| Owner Occupied HU | 5,353 (55.7%) |
| Renter Occupied HU | 3,444 (35.8%) |
| Vacant Housing Units | 813 ( 8.5%) |
| Median Home Value | $152,827 |
| Average Home Value | $176,096 |
Housing Distribution
Address Breakdown
Residential
8,934
Single Family
7,410
Multi-Family
1,524
Businesses
759
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Nearby investment properties with comparable prices
Listed by: Amy Wienands • AWRE, EXP Realty, LLC
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20252754
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