6202 Goeddeltown RdWaterlooIL62298
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 6202 Goeddeltown Rd, Waterloo, IL, 62298 in Waterloo speaks for itself: 32.31% gross on a $100,000 price, generating $2,693/mo in rent and $1,999/mo in net income after the $450/mo debt service. DSCR 5.98, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $23,990 stacks alongside $27,628 in projected five-year appreciation and $921/yr in principal reduction. Projected total cumulative return: $166,889.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 32.3% | 6.5% |
| Monthly Cash Flow | $1,999 | $350 |
City averages based on Waterloo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,693 |
| Total Monthly Debt Service | $654 |
| DSCR Ratio | 4.12x |
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 1884
0.70 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
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 1884
0.70 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices