724 Grindstone CirWaterlooIA50702
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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
Investment Highlights
Investment property for sale in Waterloo at 724 Grindstone Cir, Waterloo, IA, 50702 at $359,900 posts ROI 20.33% with $42/mo cash flow from $2,380/mo rent. Total monthly income equals $2,380/mo, and annual cash flow records $506/yr on $119,307 to close. Return on cash invested measures 20.33% and rental yield reads 7.94% at the current $359,900. Equity gained on principal adds $2,322/yr, and 5% annual appreciation supports $99,434 by year five. Five-year ROI prints 105.55% and total cumulative return in cash totals $125,930.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,380/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2017
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50702, Waterloo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,610 (100%) |
| Owner Occupied HU | 5,353 (55.7%) |
| Renter Occupied HU | 3,444 (35.8%) |
| Vacant Housing Units | 813 ( 8.5%) |
| Median Home Value | $152,827 |
| Average Home Value | $176,096 |
Housing Distribution
Address Breakdown
Residential
8,934
Single Family
7,410
Multi-Family
1,524
Businesses
759
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