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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 5330 Josie Dr, Van Meter, IA, 50261 offers a 8.59% rental yield on a $405,080 purchase with $2,899/mo rent. Total monthly income registers $2,899/mo, and a $1,983/mo payment leaves $255/mo available for distribution. Annual cash flow reaches $3,064/yr on $134,284 to close, and return on cash invested stands at 22.19% in year one. Equity gained on principal adds $2,614/yr while 5% annual appreciation supports $111,916 over five years. Portfolio math shows five-year ROI at 115.53% and total cumulative return in cash at $155,139. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,899/mo property income against a $1,983/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.27 Acres 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 |
|---|---|---|
| 2025-05-07 | Sold | $405,080 |
| 2025-03-03 | Pending sale | $405,080 |
| 2025-03-03 | Price change | $405,080 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $8.00 | N/A | $430 | N/A |
| 2023-10-19 | $8.00 | N/A | $430 | N/A |
| 2022-10-19 | $8.00 | N/A | $430 | N/A |
Listed by: Lindsy Baker • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #712797
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.
