100 Market St UNIT 409Des MoinesIA50309
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 100 Market St UNIT 409, Des Moines, IA, 50309 in Des Moines. Rental yield 7.74%. The 1.10 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $194,226 and $6,475/yr in principal reduction project total return of $144,603.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 6.5% |
| Monthly Cash Flow | $(912) | $450 |
City averages based on Des Moines market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,482 |
| Total Monthly Debt Service | $5,173 |
| DSCR Ratio | 0.67x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1924
N/A lot
$N/A/sqft
$887 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1924
N/A lot
$N/A/sqft
$887 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darla Willett-Rohrssen • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #720146
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