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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 Des Moines at 1040 56th St, Des Moines, IA, 50311 generates $1,680/mo in rent and, after a $1,052/mo payment, leaves $284/mo in cash flow. Total monthly income is $1,680/mo, and annual cash flow is $3,408/yr on $71,273 invested. Return on cash invested sits at 24.69% in year one, and rental yield is 9.38% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 128.89% and total cumulative return in cash sums $91,861. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
6,621 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,741 (100%) |
| Owner Occupied HU | 3,326 (49.3%) |
| Renter Occupied HU | 2,882 (42.8%) |
| Vacant Housing Units | 533 ( 7.9%) |
| Median Home Value | $257,277 |
| Average Home Value | $278,646 |
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
Date | Event | Price |
|---|---|---|
| 2025-04-17 | Listed for sale | $215,000 |
| 2023-05-12 | Sold | $163,900 |
| 2023-04-20 | Pending sale | $163,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-21 | $3268.00 | -6.25% | $176,600 | N/A |
| 2023-04-21 | $3486.00 | 0.75% | $176,600 | 19.41% |
| 2022-04-21 | $3460.00 | 0.35% | $147,900 | N/A |
Listed by: Tyler Timp • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #715719
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.
