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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 1115 Rittenhouse St, Des Moines, IA, 50315 generates $1,525/mo in rent and, after a $929/mo payment, leaves $292/mo in cash flow. Total monthly income is $1,525/mo, and annual cash flow is $3,506/yr on $62,952 invested. Return on cash invested sits at 25.48% in year one, and rental yield is 9.64% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 133.18% and total cumulative return in cash sums $83,837. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,525/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
0.31 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-09-12 | Listed for sale | $189,900 |
| 2000-05-16 | Sold | $83,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-16 | $2456.00 | 8.67% | $135,300 | N/A |
| 2023-09-16 | $2260.00 | 0.80% | $135,300 | 29.10% |
| 2022-09-16 | $2242.00 | 10.23% | $104,800 | N/A |
Listed by: Kathy Swanson • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #726119
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.
