1079 22nd StDes MoinesIA50311
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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 1079 22nd St, Des Moines, IA, 50311 uses $49,725 cash to close to unlock $7,210/yr annual cash flow and $601/mo monthly cash flow. Total monthly income runs $1,616/mo, and a $734/mo payment keeps the spread at $601/mo. Purchase price stands at $150,000, and rental yield measures 12.93% with $1,616/mo rent. Return on cash invested shows 34.41% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 181.37% and total cumulative return in cash records $90,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,616/mo property income covering a $734/mo payment rather than investor’s personal income.
Multi Family
Built in 1892
9,060 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
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Listed by: Jeff Downing • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #724441
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.