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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 2, West Des Moines, IA, 50266 offers a 11.83% rental yield on a $178,500 purchase with $1,760/mo rent. Total monthly income registers $1,760/mo, and a $874/mo payment leaves $375/mo available for distribution. Annual cash flow reaches $4,505/yr on $59,173 to close, and return on cash invested stands at 27.52% in year one. Equity gained on principal adds $1,152/yr while 5% annual appreciation supports $49,316 over five years. Portfolio math shows five-year ROI at 145.77% and total cumulative return in cash at $86,258. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,760/mo property income against a $874/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
N/A lot
$N/A/sqft
$225 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 |
|---|---|---|
| 2025-09-26 | Sold | $178,500 |
| 2025-08-28 | Pending sale | $183,000 |
| 2025-08-20 | Price change | $183,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $2704.00 | -1.39% | $174,280 | 4.25% |
| 2023-10-10 | $2742.00 | 10.48% | $167,170 | 14.12% |
| 2022-10-10 | $2482.00 | -0.24% | $146,490 | 9.20% |
Listed by: Joey Plummer • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #719361
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.
