1331 SE University Ave UNIT 112, Waukee, IA, 50263 | $568/mo Cash Flow

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1331 SE University Ave UNIT 112, Waukee, IA, 50263 | $568/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

Investment property for sale in Waukee at 1331 SE University Ave UNIT 112, Waukee, IA, 50263 uses $58,013 cash to close to unlock $6,816/yr annual cash flow and $568/mo monthly cash flow. Total monthly income runs $1,705/mo, and a $857/mo payment keeps the spread at $568/mo. Purchase price stands at $175,000, and rental yield measures 11.69% with $1,705/mo rent. Return on cash invested shows 31.66% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 166.24% and total cumulative return in cash records $96,439. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,705/mo property income covering a $857/mo payment rather than investor’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

All new carpet and fresh paint in the bedrooms and living room, give this first floor 2-bedroom condo a great option for anyone wanting a turn key place with great amenities, which includes a community swimming pool, club house and exercise center! This is one of the BEST ground units around, if you are hoping for easy accessibility to your garage space, and keeping an eye out for your guests! The interior hallway leads you to a very short distance thru a door into the attached garages! As if thats not good enough, exit your sliding glass door to your cement patio (w/additional outdoor storage closet) and you are just steps away outside to the side parking lot which is super convenient if you have a car parked there, or are greeting guests. (They could just walk into the grass a few steps and be on your patio to come inside rather than having to walk thru the building to the front). Quick access to shopping, restaurants, schools and everything that Waukee and neighboring West Des Moines has to offer! All appliances stay with the home, including the kitchen appliances and washer/dryer. and interstate access nearby to Grand Prairie Pkwy!

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