805 E Mitchell AveWaterlooIA50702
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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 805 E Mitchell Ave, Waterloo, IA, 50702 offers $1,132/mo rent that, after a $700/mo payment, leaves $203/mo cash flow. Total monthly income is $1,132/mo, and annual cash flow is $2,438/yr on $47,405 cash. Return on cash invested measures 25.05% in year one, and rental yield stands at 9.5% at a $143,000 entry. Equity gained on principal adds $923/yr while 5% annual appreciation compounds into $39,508 by year five. Five-year ROI records 130.93% and total cumulative return in cash reaches $62,068. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,132/mo property income versus a $700/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
9,583 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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