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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Waukee at 1333 SE University Ave UNIT 212, Waukee, IA, 50263 listed at $172,000 pairs $1,685/mo rent with a $842/mo payment to leave $328/mo cash flow. Total monthly income runs $1,685/mo, and annual cash flow reaches $3,934/yr on $57,018 cash to close. Return on cash invested measures 26.81% in year one, and rental yield registers 11.76% at a $172,000 basis. Equity gained on principal adds $1,110/yr, and annual property appreciation at 5% supports $47,520 by year five. Five-year ROI tracks 142.08% and total cumulative return in cash totals $81,013. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,685/mo property income relative to a $842/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
$240 monthly HOA
Neighborhood data shown for ZIP Code: 50263, Waukee, IA area.
| 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 |
Residential
13,089
Single Family
11,519
Multi-Family
1,570
Businesses
611
Date | Event | Price |
|---|---|---|
| 2023-05-26 | Sold | $172,000 |
| 2023-04-18 | Pending sale | $170,000 |
| 2023-04-13 | Listed for sale | $170,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $2594.00 | 2.21% | $155,030 | N/A |
| 2023-10-16 | $2538.00 | 8.83% | $155,030 | 11.14% |
| 2022-10-16 | $2332.00 | -3.32% | $139,490 | 7.11% |
Listed by: Lynn Johnson • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #670970
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.
