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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 555 SE Laurel St UNIT 14, Waukee, IA, 50263 listed at $239,000 pairs $2,225/mo rent with a $1,170/mo payment to leave $359/mo cash flow. Total monthly income runs $2,225/mo, and annual cash flow reaches $4,303/yr on $79,229 cash to close. Return on cash invested measures 25.34% in year one, and rental yield registers 11.17% at a $239,000 basis. Equity gained on principal adds $1,542/yr, and annual property appreciation at 5% supports $66,031 by year five. Five-year ROI tracks 134.1% and total cumulative return in cash totals $106,248. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,225/mo property income relative to a $1,170/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1997
1,550 sqft lot
$N/A/sqft
$314 monthly 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 |
|---|---|---|
| 2025-07-08 | Listed for sale | $239,000 |
| 2025-07-02 | Listing removed | $244,900 |
| 2025-05-16 | Listed for sale | $244,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-10 | $3610.00 | 6.99% | $221,450 | 19.23% |
| 2022-07-10 | $3374.00 | -0.59% | $185,730 | 5.82% |
| 2021-07-10 | $3394.00 | 2.04% | $175,510 | 5.25% |
Listed by: Bob Ruby • Ruby Realty Group LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #721828
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.
