1760 SE La Grant Pkwy APT 33WaukeeIA50263
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Waukee rental at 1760 SE La Grant Pkwy APT 33, Waukee, IA, 50263 sits in the solid-income band: 12.41% gross yield, $1,524/mo rent, $323/mo net after the $663/mo debt service, DSCR 2.30. Entry price of $147,400 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $40,724 and $1,358/yr in principal reduction bring total cumulative return to $77,958.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 2.8% |
| Monthly Cash Flow | $323 | $1,850 |
City averages based on Waukee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,524 |
| Total Monthly Debt Service | $1,143 |
| DSCR Ratio | 1.33x |
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.
Condo
Built in 2003
N/A lot
$N/A/sqft
$235 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
Condo
Built in 2003
N/A lot
$N/A/sqft
$235 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