507 11th St SEWaverlyIA50677
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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 Waverly at 507 11th St SE, Waverly, IA, 50677 uses $64,311 cash to close to unlock $3,259/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $1,532/mo, and a $950/mo payment keeps the spread at $272/mo. Purchase price stands at $194,000, and rental yield measures 9.48% with $1,532/mo rent. Return on cash invested shows 24.98% in year one, and 5% annual appreciation builds toward $53,599 over five years. Five-year ROI reaches 130.46% and total cumulative return in cash records $83,900. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,532/mo property income covering a $950/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50677, Waverly, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 3,755 (70.0%) |
| Renter Occupied HU | 1,111 (20.7%) |
| Vacant Housing Units | 501 ( 9.3%) |
| Median Home Value | $251,361 |
| Average Home Value | $282,613 |
Housing Distribution
Address Breakdown
Residential
5,014
Single Family
4,584
Multi-Family
430
Businesses
421
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