102 E Thornton AveDes MoinesIA50315
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
Investment Highlights
Investment property for sale in Des Moines at 102 E Thornton Ave, Des Moines, IA, 50315 uses $34,808 cash to close to unlock $1,848/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $836/mo, and a $514/mo payment keeps the spread at $154/mo. Purchase price stands at $105,000, and rental yield measures 9.55% with $836/mo rent. Return on cash invested shows 25.22% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 131.7% and total cumulative return in cash records $45,842. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $836/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.43 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brianna Baker • Re/Max Precision Ankeny Uptown
Mls Name: CIBR
Mls ID: #68000