605 Cobblers CtWaterlooIN46793
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 605 Cobblers Ct, Waterloo, IN, 46793 in Waterloo is straightforward: $243,500 in, $1,669/mo in rent, $208/mo out after debt service. The 8.23% gross yield and 1.52 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $67,275 by year five. With $2,243/yr in principal equity, the total cumulative return is projected at $105,507.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.0% |
| Monthly Cash Flow | $208 | $300 |
City averages based on Waterloo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,669 |
| Total Monthly Debt Service | $1,365 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1998
0.30 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1998
0.30 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices