618 Hamacher St #BWaterlooIL62298
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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 618 Hamacher St #B, Waterloo, IL, 62298 offers $2,232/mo rent that, after a $1,322/mo payment, leaves $359/mo cash flow. Total monthly income is $2,232/mo, and annual cash flow is $4,305/yr on $89,505 cash. Return on cash invested measures 24.72% in year one, and rental yield stands at 9.92% at a $270,000 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,596 by year five. Five-year ROI records 129.62% and total cumulative return in cash reaches $116,017. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,232/mo property income versus a $1,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2002
5,662 sqft 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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Listed by: Lisa M Main-Haubrich • RE/MAX Results Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25008271
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