1329 SE University Ave UNIT 102, Waukee, IA, 50263 | $118/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1329 SE University Ave UNIT 102, Waukee, IA, 50263 | $118/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Waukee at 1329 SE University Ave UNIT 102, Waukee, IA, 50263 generates $1,514/mo in rent and, after a $1,052/mo payment, leaves $118/mo in cash flow. Total monthly income is $1,514/mo, and annual cash flow is $1,416/yr on $71,273 invested. Return on cash invested sits at 21.9% in year one, and rental yield is 8.45% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 113.89% and total cumulative return in cash sums $81,169. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,514/mo property income rather than buyer’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

Spacious Ground-Floor Condo in Prime Waukee Location! Enjoy easy living in this beautifully updated 3-bedroom, 2-bath condo with 1,328 sq ft of open-concept space. The bright and airy layout features high ceilings, large windows, and fresh 2023/2024 updates including new paint, laminate flooring, carpet (living room & primary), windows, and window treatments. The inviting living room offers a cozy, gas fireplace and flows seamlessly into the dining area and kitchen with stainless steel appliances. The primary suite includes a full bath with double sinks, a walk-in closet, and private access to the covered patioalso accessible from the living room. Two additional bedrooms and a full bath are thoughtfully located on the opposite side of the unit for added privacy. Convenient in unit laundry room. There is an attached garage just steps from your front door. Secure building located across from the community clubhouse, pool, fitness center, and picnic shelter. Close to shopping, restaurants, and everything Waukee has to offer!

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