5628 State Highway 156WaterlooIL62298
Nearby investment properties with comparable rents
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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
Rental property for sale in Waterloo at 5628 State Highway 156, Waterloo, IL, 62298 generates $1,314/mo in rent, after a $1,454/mo payment. Total monthly income is $1,314/mo. Return on cash invested sits at 10.81% in year one, and rental yield is 5.31% on a $297,000 entry. Equity gained on principal adds $1,916/yr, while 5% annual appreciation builds toward $82,056 over five years. Five-year ROI reaches 55.06% and total cumulative return in cash sums $54,210. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,314/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
2.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62298, Waterloo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,538 (100%) |
| Owner Occupied HU | 5,947 (78.9%) |
| Renter Occupied HU | 1,251 (16.6%) |
| Vacant Housing Units | 340 ( 4.5%) |
| Median Home Value | $295,370 |
| Average Home Value | $322,634 |
Housing Distribution
Address Breakdown
Residential
7,397
Single Family
7,365
Multi-Family
32
Businesses
446
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