112 11th St APT 102, Des Moines, IA, 50309 | $362/mo Cash Flow

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112 11th St APT 102, Des Moines, IA, 50309 | $362/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

Rental property for sale in Des Moines at 112 11th St APT 102, Des Moines, IA, 50309 generates $1,304/mo in rent and, after a $710/mo payment, leaves $362/mo in cash flow. Total monthly income is $1,304/mo, and annual cash flow is $4,344/yr on $48,068 invested. Return on cash invested sits at 28.95% in year one, and rental yield is 10.79% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 151.7% and total cumulative return in cash sums $72,920. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,304/mo property income rather than buyer’s personal income.

Condo

Built in 1919

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Mulberry Lofts, where history meets modern downtown living. Once part of the historic Harger Blish building, this ground-level loft combines raw industrial character with thoughtful design. Step inside and you'll instantly notice the soaring 16' ceilings, exposed brick walls, and massive windows that flood the space with natural light, creating an open and airy feel. The layout is both stylish and smart. A unique lofted bed space sits above the bathroom and closet area, freeing up more room for living, entertaining, or simply relaxing. Concrete floors, exposed ductwork, and a large walk-in tiled shower add to the authentic loft experience. Storage won't be an issue with the generous closet space and built-ins, plus in-unit laundry for convenience. Life here goes beyond your front door. Mulberry Lofts offers a community rec room, fitness center, and rooftop deck overlooking the Des Moines skyline, perfect for entertaining friends or enjoying a quiet sunset. Step outside and you're just a short walk to Western Gateway Park, Pappa Johns Sculpture Park and some of the city's best restaurants, coffee shops, and nightlife. For more fun just cross the Coleman Bridge and enjoy Grays Lake and Waterworks Park. This is more than just a condo, it's a lifestyle in the heart of downtown Des Moines.