710 3rd StWaukeeIA50263
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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
Investment property for sale in Waukee at 710 3rd St, Waukee, IA, 50263 uses $91,163 cash to close to unlock $771/yr annual cash flow and $64/mo monthly cash flow. Total monthly income runs $1,886/mo, and a $1,346/mo payment keeps the spread at $64/mo. Purchase price stands at $275,000, and rental yield measures 8.23% with $1,886/mo rent. Return on cash invested shows 20.75% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 107.98% and total cumulative return in cash records $98,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,886/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.34 Acres 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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Listed by: Rachael Harms • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #721383
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.