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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 Van Meter at 5110 Ella Ivy Ct, Van Meter, IA, 50261 listed at $278,900 pairs $2,449/mo rent with a $1,365/mo payment to leave $625/mo cash flow. Total monthly income runs $2,449/mo, and annual cash flow reaches $7,503/yr on $92,455 cash to close. Return on cash invested measures 28.02% in year one, and rental yield registers 10.54% at a $278,900 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,055 by year five. Five-year ROI tracks 146.85% and total cumulative return in cash totals $135,767. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,449/mo property income relative to a $1,365/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2024
4,847 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood data shown for ZIP Code: 50261, Van Meter, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,207 (100%) |
| Owner Occupied HU | 982 (81.4%) |
| Renter Occupied HU | 119 ( 9.9%) |
| Vacant Housing Units | 106 ( 8.8%) |
| Median Home Value | $523,148 |
| Average Home Value | $553,473 |
Residential
1,026
Single Family
1,014
Multi-Family
12
Businesses
39
Date | Event | Price |
|---|---|---|
| 2025-07-14 | Listing removed | $1,950 |
| 2025-06-09 | Listed for rent | $1,950 |
| 2025-05-22 | Sold | $278,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $2.00 | -50.00% | $180 | N/A |
| 2023-10-19 | $4.00 | N/A | $180 | N/A |
| 2022-10-19 | $4.00 | N/A | $180 | N/A |
Listed by: Lindsy Baker • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #707988
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.
