255 Terrace DrWaukeeIA50263
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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
Investment Highlights
Rental property for sale in Waukee at 255 Terrace Dr, Waukee, IA, 50263 offers $2,963/mo rent that, after a $1,750/mo payment, leaves $641/mo cash flow. Total monthly income is $2,963/mo, and annual cash flow is $7,692/yr on $118,511 cash. Return on cash invested measures 26.4% in year one, and rental yield stands at 9.95% at a $357,500 entry. Equity gained on principal adds $2,307/yr while 5% annual appreciation compounds into $98,771 by year five. Five-year ROI records 138.04% and total cumulative return in cash reaches $163,589. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,963/mo property income versus a $1,750/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
8,428 sqft lot
$N/A/sqft
No 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
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Listed by: June Mackay • Stevens Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #707011
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.