1021 Franklin AveDes 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 1021 Franklin Ave, Des Moines, IA, 50314 uses $43,095 cash to close to unlock $1,860/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $999/mo, and a $636/mo payment keeps the spread at $155/mo. Purchase price stands at $130,000, and rental yield measures 9.22% with $999/mo rent. Return on cash invested shows 24.23% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 126.37% and total cumulative return in cash records $54,459. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $999/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1906
2,657 sqft 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: Gillum, Ron • Keller Williams Realty GDM
Mls Name: DMMLS
Mls ID: #731326