622 W 2nd StWaterlooIA50701
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 622 W 2nd St, Waterloo, IA, 50701 in Waterloo worth modelling. At $110,000 with a 9.39% gross yield, the $860/mo rent leaves $146/mo after the $495/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.74 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $30,391 by year five; $1,013/yr in principal reduction adds further equity. Total projected return: $51,193.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 8.5% |
| Monthly Cash Flow | $146 | $325 |
City averages based on Waterloo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $860 |
| Total Monthly Debt Service | $671 |
| DSCR Ratio | 1.28x |
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.
Multi Family
Built in 1889
9,271 sqft lot
$N/A/sqft
No HOA
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
Multi Family
Built in 1889
9,271 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices