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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 3602 Jasmine Ln, Waukee, IA, 50263 with 5% annual appreciation on a $249,990 basis while $2,596/mo rent supports operations. Total monthly income totals $2,596/mo and a $1,224/mo payment preserves $777/mo for cash returns. Annual cash flow comes to $9,324/yr on $82,872 deployed, and return on cash invested reaches 31.16% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,068 alongside rental yield of 12.46%. Five-year ROI measures 164.66% and total cumulative return in cash totals $136,459.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,596/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2024
1,742 sqft lot
$N/A/sqft
$195 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 |
|---|---|---|
| 2025-05-07 | Price change | $249,990 |
| 2025-04-29 | Price change | $242,990 |
| 2025-04-15 | Pending sale | $244,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #693941
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.
