100 Market St Unit 601, Des Moines, IA, 50309 | $144/mo Cash Flow

For Sale

Listed for sale 7 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Des Moines at 100 Market St Unit 601, Des Moines, IA, 50309 offers a 8.56% rental yield on a $226,000 purchase with $1,612/mo rent. Total monthly income registers $1,612/mo, and a $1,106/mo payment leaves $144/mo available for distribution. Annual cash flow reaches $1,733/yr on $74,919 to close, and return on cash invested stands at 22.22% in year one. Equity gained on principal adds $1,458/yr while 5% annual appreciation supports $62,440 over five years. Portfolio math shows five-year ROI at 115.68% and total cumulative return in cash at $86,663. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,612/mo property income against a $1,106/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1924

871 sqft lot

$N/A/sqft

No HOA