555 SE Laurel St UNIT 24WaukeeIA50263
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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
Investment Highlights
Rental property for sale in Waukee at 555 SE Laurel St UNIT 24, Waukee, IA, 50263 generates $2,059/mo in rent and, after a $1,150/mo payment, leaves $533/mo in cash flow. Total monthly income is $2,059/mo, and annual cash flow is $6,398/yr on $77,869 invested. Return on cash invested sits at 28.13% in year one, and rental yield is 10.52% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 147.37% and total cumulative return in cash sums $114,753. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,059/mo property income rather than buyer’s personal income.
Condo
Built in 1997
1,550 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,089
Single Family
11,519
Multi-Family
1,570
Businesses
611
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