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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 540 3rd St, Waukee, IA, 50263 with 5% annual appreciation on a $189,900 basis while $1,786/mo rent supports operations. Total monthly income totals $1,786/mo and a $929/mo payment preserves $542/mo for cash returns. Annual cash flow comes to $6,505/yr on $62,952 deployed, and return on cash invested reaches 30.24% in year one. Equity gained on principal adds $1,225/yr, and five-year appreciation sums $52,466 alongside rental yield of 11.29%. Five-year ROI measures 158.8% and total cumulative return in cash totals $99,965.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,786/mo property income versus a $929/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
7,100 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-09-23 | Listing removed | $1,695 |
| 2025-09-11 | Price change | $1,695 |
| 2025-09-06 | Listed for rent | $1,795 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $3020.00 | -4.01% | $191,030 | N/A |
| 2023-10-31 | $3146.00 | 2.34% | $191,030 | 11.84% |
| 2022-10-31 | $3074.00 | 1.65% | $170,800 | 1.13% |
Listed by: Brett Corrigan • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #718349
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.
