6401 S Ronnie DrWaterlooIL62298
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 6401 S Ronnie Dr, Waterloo, IL, 62298 in Waterloo: $1,314/mo in rent, $296/mo in net income, 11.1% gross yield, 2.06 DSCR, all at $142,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $39,232 in appreciation and $1,308/yr in principal paydown projects total cumulative return of $75,513.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.5% |
| Monthly Cash Flow | $296 | $350 |
City averages based on Waterloo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,314 |
| Total Monthly Debt Service | $928 |
| DSCR Ratio | 1.42x |
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.
Manufactured
Built in 1987
9,121 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
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
Manufactured
Built in 1987
9,121 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices