1003 Day St #23Des MoinesIA50314
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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 Des Moines at 1003 Day St #23, Des Moines, IA, 50314 earns $146/mo cash flow from $958/mo rent with a $612/mo payment. Total monthly income totals $958/mo, and annual cash flow totals $1,752/yr on $41,438 capital. ROI tracks 24.14% on current figures, and rental yield reads 9.2% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 125.9% and total cumulative return in cash sums $52,169. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $958/mo property income instead of your personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50314, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,989 (100%) |
| Owner Occupied HU | 1,688 (33.8%) |
| Renter Occupied HU | 2,661 (53.3%) |
| Vacant Housing Units | 640 (12.8%) |
| Median Home Value | $168,263 |
| Average Home Value | $200,574 |
Housing Distribution
Address Breakdown
Residential
4,535
Single Family
3,252
Multi-Family
1,283
Businesses
370
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Listed by: WAYNE DEPENNING • BHHS First Realty Westown
Mls Name: DMMLS
Mls ID: #723665