622 W 2nd StWaterlooIA50701
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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 622 W 2nd St, Waterloo, IA, 50701 generates $860/mo in rent and, after a $538/mo payment, leaves $146/mo in cash flow. Total monthly income is $860/mo, and annual cash flow is $1,752/yr on $36,465 invested. Return on cash invested sits at 24.71% in year one, and rental yield is 9.38% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 128.97% and total cumulative return in cash sums $47,028. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $860/mo property income rather than buyer’s personal income.
Multi Family
Built in 1889
9,271 sqft lot
$N/A/sqft
No HOA
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Listed by: Leeann Sires • EPM, Iowa
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20243409
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