85 NW Alderleaf DrWaukeeIA50263
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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 85 NW Alderleaf Dr, Waukee, IA, 50263 priced at $645,000 converts $3,161/mo rent into after a $3,157/mo obligation. Total monthly income equals $3,161/mo. Return on cash invested prints 14.25% in year one, and rental yield reads 5.88% against a $645,000 entry. Equity gained on principal adds $4,162/yr, while 5% annual appreciation compiles into $178,202 by year five. Five-year ROI reaches 72.84% and total cumulative return in cash sums $154,576. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,161/mo property income covering a $3,157/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.26 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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