1151 Magnolia LnWaukeeIA50263
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 1151 Magnolia Ln, Waukee, IA, 50263 in Waukee clears it at 1.57, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 8.49%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $69,068; $2,302/yr in principal equity; total projected return: $92,842.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 2.8% |
| Monthly Cash Flow | $(50) | $1,850 |
City averages based on Waukee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,769 |
| Total Monthly Debt Service | $1,719 |
| DSCR Ratio | 1.03x |
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.
Townhouse
Built in 2024
2,178 sqft lot
$N/A/sqft
$195 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50263, Waukee, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,203 (100%) |
| Owner Occupied HU | 8,835 (62.2%) |
| Renter Occupied HU | 3,821 (26.9%) |
| Vacant Housing Units | 1,547 (10.9%) |
| Median Home Value | $376,616 |
| Average Home Value | $419,225 |
Housing Distribution
Address Breakdown
Residential
13,089
Single Family
11,519
Multi-Family
1,570
Businesses
611
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
Townhouse
Built in 2024
2,178 sqft lot
$N/A/sqft
$195 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50263, Waukee, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,203 (100%) |
| Owner Occupied HU | 8,835 (62.2%) |
| Renter Occupied HU | 3,821 (26.9%) |
| Vacant Housing Units | 1,547 (10.9%) |
| Median Home Value | $376,616 |
| Average Home Value | $419,225 |
Housing Distribution
Address Breakdown
Residential
13,089
Single Family
11,519
Multi-Family
1,570
Businesses
611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #709363
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.