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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in West Des Moines at 1020 68th St UNIT 1, West Des Moines, IA, 50266 uses $72,897 cash to close to unlock $1,466/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $1,750/mo, and a $1,076/mo payment keeps the spread at $122/mo. Purchase price stands at $219,900, and rental yield measures 9.55% with $1,750/mo rent. Return on cash invested shows 21.92% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 115.27% and total cumulative return in cash records $84,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,750/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood data shown for ZIP Code: 50266, West Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,158 (100%) |
| Owner Occupied HU | 9,448 (46.9%) |
| Renter Occupied HU | 8,717 (43.2%) |
| Vacant Housing Units | 1,993 ( 9.9%) |
| Median Home Value | $398,812 |
| Average Home Value | $442,652 |
Residential
19,201
Single Family
11,911
Multi-Family
7,290
Businesses
1,810
Date | Event | Price |
|---|---|---|
| 2024-10-24 | Price change | $219,900 |
| 2024-09-16 | Price change | $224,900 |
| 2024-09-05 | Listed for sale | $230,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $2988.00 | 11.08% | $181,350 | 13.63% |
| 2022-11-20 | $2690.00 | 0.15% | $159,590 | 9.83% |
| 2021-11-20 | $2686.00 | 1.97% | $145,310 | 5.41% |
Listed by: Andria Lang • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #703251
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
