540 7th St, Waukee, IA, 50263 | $135/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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540 7th St, Waukee, IA, 50263 | $135/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waukee at 540 7th St, Waukee, IA, 50263 earns $135/mo cash flow from $1,824/mo rent with a $1,273/mo payment. Total monthly income totals $1,824/mo, and annual cash flow totals $1,620/yr on $86,190 capital. ROI tracks 21.79% on current figures, and rental yield reads 8.42% at a $260,000 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 over five years. Five-year ROI reaches 113.31% and total cumulative return in cash sums $97,661. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,824/mo property income instead of your personal income.

Single Family

Built in 1904

0.49 Acres lot

$N/A/sqft

No HOA

More details about the property

Spacious house in convenient Waukee location! The main level offers a large family room right off the enclosed porch, the dining room is separated from the family room with beautiful built ins, the kitchen offers all appliances included including the gas range plus a pantry, the main floor laundry is right off the kitchen with washer and dryer included, the den is located right off the family room with French door entrance. The main level is rounded off with the primary suite with en suite bathroom. Upstairs youll find 2 spacious bedrooms both with walk in closets, 1 nonconforming bedroom but a wardrobe is included to be used as a closet, and a full bath. Updates and upgrades include: asphalt driveway 2024, new roof on home and both garages in 2023, mostly new plumbing 2023, AC/Furnace 2017, tankless hot water heater, plus an American Home Shield Home Warranty for your peace of mind. Outside youll find a large deck off the kitchen to make this perfect for entertaining or summer BBQs, patio off the deck, 1 car detached garage off the driveway, plus a 3 car detached garage in the corner of the lot that is perfect for a shop, hobbies, or storage. The home is located on a 0.49 acre lot with lots of yard space. All of this wrapped up in a convenient location close to schools, parks, bike trail, the Waukee Triangle, and easy access to amenities like Hy-Vee and the brand new Target! The home is being Sold As-Is and is priced accordingly.

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