1307 SE University Ave UNIT 205WaukeeIA50263
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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
Investment property for sale in Waukee at 1307 SE University Ave UNIT 205, Waukee, IA, 50263 earns $261/mo cash flow from $1,710/mo rent with a $866/mo payment. Total monthly income totals $1,710/mo, and annual cash flow totals $3,132/yr on $58,642 capital. ROI tracks 25.25% on current figures, and rental yield reads 11.6% at a $176,900 purchase. Equity gained on principal adds $1,142/yr, and 5% annual appreciation supports $48,874 over five years. Five-year ROI reaches 134.1% and total cumulative return in cash sums $78,639. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,710/mo property income instead of your personal income.
Condo
Built in 2005
10,001 sqft lot
$N/A/sqft
$300 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
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Listed by: Melissa Thompson • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #726173
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.