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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 3624 Pershing Ln, Waukee, IA, 50263 offers a 10.68% rental yield on a $249,990 purchase with $2,225/mo rent. Total monthly income registers $2,225/mo, and a $1,224/mo payment leaves $406/mo available for distribution. Annual cash flow reaches $4,872/yr on $82,872 to close, and return on cash invested stands at 25.79% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,068 over five years. Portfolio math shows five-year ROI at 135.85% and total cumulative return in cash at $112,579. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,225/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2025
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 |
|---|---|---|
| 2025-10-21 | Listed for sale | $249,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $2.00 | N/A | $60 | N/A |
Listed by: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #728812
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.
