1051 57th St, Des Moines, IA, 50311 | $21/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1051 57th St, Des Moines, IA, 50311 | $21/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Des Moines at 1051 57th St, Des Moines, IA, 50311 uses $79,527 cash to close to unlock $254/yr annual cash flow and $21/mo monthly cash flow. Total monthly income runs $1,579/mo, and a $1,174/mo payment keeps the spread at $21/mo. Purchase price stands at $239,900, and rental yield measures 7.9% with $1,579/mo rent. Return on cash invested shows 20.23% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 105% and total cumulative return in cash records $83,503. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,579/mo property income covering a $1,174/mo payment rather than investor’s personal income.

Single Family

Built in 1942

7,492 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautifully updated charmer that blends modern style with cozy comfort! Step inside to a bright, inviting living space filled with natural light, warm hardwoods, and a welcoming vibe that instantly feels like home. The modern kitchen is a standout feature crisp white cabinetry, stylish backsplash, stainless-steel appliances, and a cheerful eat-in nook make it the perfect spot for morning coffee or dinner with friends. Upstairs youll find two comfortable bedrooms and an updated bath, while the lower level offers a third bedroom ideal for guests, a home office, or your favorite hobby space. Outside, enjoy a large deck overlooking the spacious, fully fenced backyard perfect for BBQs, pets, and evening relaxation under the trees. Additional perks include an attached garage, and a large lot that gives you both space and privacy. Thoughtfully maintained and move-in ready, this home delivers the perfect mix of convenience, charm, and fun. Whether youre hosting, relaxing, or simply enjoying a quiet evening on the deck, this home is designed to fit your lifestyle fresh, functional, and full of personality!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.

Housing Distribution

Housing Statistics

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