818 Steely 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 818 Steely St, Waterloo, IA, 50703 offers $1,291/mo rent that, after a $979/mo payment. Total monthly income is $1,291/mo. Return on cash invested measures 19.76% in year one, and rental yield stands at 7.75% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 102.44% and total cumulative return in cash reaches $67,916. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,291/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1909
7,840 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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