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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% |
Rental property for sale in West Des Moines at 1021 Ridgewood Ct, West Des Moines, IA, 50265 priced at $314,000 converts $2,089/mo rent into $50/mo cash flow after a $1,537/mo obligation. Total monthly income equals $2,089/mo, and annual cash flow totals $595/yr on $104,091 invested. Return on cash invested prints 20.48% in year one, and rental yield reads 7.98% against a $314,000 entry. Equity gained on principal adds $2,026/yr, while 5% annual appreciation compiles into $86,752 by year five. Five-year ROI reaches 106.32% and total cumulative return in cash sums $110,667. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,089/mo property income covering a $1,537/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,157 (100%) |
| Owner Occupied HU | 9,392 (62.0%) |
| Renter Occupied HU | 4,929 (32.5%) |
| Vacant Housing Units | 836 ( 5.5%) |
| Median Home Value | $310,899 |
| Average Home Value | $379,482 |
Residential
15,049
Single Family
11,438
Multi-Family
3,611
Businesses
1,103
Date | Event | Price |
|---|---|---|
| 2025-05-02 | Listed for sale | $314,000 |
| 2011-06-29 | Sold | $163,500 |
| 2011-04-07 | Price change | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-06 | $3990.00 | -0.60% | $262,200 | N/A |
| 2023-05-06 | $4014.00 | 1.21% | $262,200 | 20.94% |
| 2022-05-06 | $3966.00 | 0.86% | $216,800 | N/A |
Listed by: Teresa Rockwood • NextHome Your Way
Mls Name: DMMLS
Mls Provider:
Mls ID: #717079
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.
