1016 24th StDes MoinesIA50311
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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 1016 24th St, Des Moines, IA, 50311 offers a 10.55% rental yield on a $294,800 purchase with $2,592/mo rent. Total monthly income registers $2,592/mo, and a $1,443/mo payment leaves $677/mo available for distribution. Annual cash flow reaches $8,128/yr on $97,726 to close, and return on cash invested stands at 28.23% in year one. Equity gained on principal adds $1,902/yr while 5% annual appreciation supports $81,448 over five years. Portfolio math shows five-year ROI at 147.88% and total cumulative return in cash at $144,515. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,592/mo property income against a $1,443/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
8,960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,741 (100%) |
| Owner Occupied HU | 3,326 (49.3%) |
| Renter Occupied HU | 2,882 (42.8%) |
| Vacant Housing Units | 533 ( 7.9%) |
| Median Home Value | $257,277 |
| Average Home Value | $278,646 |
Housing Distribution
Address Breakdown
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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