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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 20, Waukee, IA, 50263 offers a 10.67% rental yield on a $215,000 purchase with $1,912/mo rent. Total monthly income registers $1,912/mo, and a $1,052/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,439/yr on $71,273 to close, and return on cash invested stands at 23.33% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 123.55% and total cumulative return in cash at $88,057. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,912/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
1,306 sqft lot
$N/A/sqft
$312 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 |
|---|---|---|
| 2025-10-17 | Sold | $215,000 |
| 2025-08-11 | Pending sale | $222,900 |
| 2025-07-18 | Listed for sale | $222,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $3276.00 | 2.89% | $195,860 | N/A |
| 2023-10-22 | $3184.00 | 12.75% | $195,860 | 19.54% |
| 2022-10-22 | $2824.00 | 8.45% | $163,850 | 5.11% |
Listed by: Jason Rude • RE/MAX Precision Corp.
Mls Name: CIBR
Mls Provider:
Mls ID: #68038
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.
