








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 2022 S Warrior Ln, Waukee, IA, 50263 listed at $289,900 pairs $2,225/mo rent with a $1,419/mo payment to leave $321/mo cash flow. Total monthly income runs $2,225/mo, and annual cash flow reaches $3,856/yr on $96,102 cash to close. Return on cash invested measures 23.92% in year one, and rental yield registers 9.21% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 124.88% and total cumulative return in cash totals $120,009. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,225/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2025
3,049 sqft lot
$N/A/sqft
$250 annually 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 |
|---|---|---|
| 2025-01-15 | Listed for sale | $289,900 |
| 2024-05-28 | Sold | $54,000 |
| 2024-04-19 | Pending sale | $54,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $6.00 | N/A | $320 | N/A |
| 2022-01-27 | N/A | N/A | $320 | N/A |



Listed by: David Schabold • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #710266
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.