815 Nevada StWaterlooIA50703
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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 815 Nevada St, Waterloo, IA, 50703 priced at $104,000 converts $1,588/mo rent into $913/mo cash flow after a $509/mo obligation. Total monthly income equals $1,588/mo, and annual cash flow totals $10,951/yr on $34,476 invested. Return on cash invested prints 51.67% in year one, and rental yield reads 18.32% against a $104,000 entry. Equity gained on principal adds $671/yr, while 5% annual appreciation compiles into $28,733 by year five. Five-year ROI reaches 273.65% and total cumulative return in cash sums $94,344. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,588/mo property income covering a $509/mo payment, not borrower’s personal income.
Single Family
Built in 2005
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50703, Waterloo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,698 (100%) |
| Owner Occupied HU | 4,318 (49.6%) |
| Renter Occupied HU | 3,403 (39.1%) |
| Vacant Housing Units | 977 (11.2%) |
| Median Home Value | $107,489 |
| Average Home Value | $151,991 |
Housing Distribution
Address Breakdown
Residential
8,057
Single Family
7,161
Multi-Family
896
Businesses
581
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Nearby investment properties with comparable prices
Listed by: Christine Miller • Realty ONE Group Movement
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20255378
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