497 Kinley 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 497 Kinley Dr, Waukee, IA, 50263 priced at $324,990 converts $2,086/mo rent into after a $1,591/mo obligation. Total monthly income equals $2,086/mo. Return on cash invested prints 17.46% in year one, and rental yield reads 7.7% against a $324,990 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,789 by year five. Five-year ROI reaches 90.94% and total cumulative return in cash sums $97,978. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,086/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Condo
Built in 2025
2,613 sqft lot
$N/A/sqft
$195 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
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Listed by: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #726407
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.