112 11th St APT 208, Des Moines, IA, 50309 | $178/mo Cash Flow

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112 11th St APT 208, Des Moines, IA, 50309 | $178/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 112 11th St APT 208, Des Moines, IA, 50309 earns $178/mo cash flow from $1,120/mo rent with a $710/mo payment. Total monthly income totals $1,120/mo, and annual cash flow totals $2,136/yr on $48,068 capital. ROI tracks 24.35% on current figures, and rental yield reads 9.27% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 127.06% and total cumulative return in cash sums $61,076. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,120/mo property income instead of your personal income.

Condo

Built in 1919

N/A lot

$N/A/sqft

No HOA

More details about the property

Old meets new at Mulberry Lofts, one of downtown Des Moines most unique places to call home. Located in the historic Hager and Blish building, this open plan condo is small but mighty with a brand new furnace, brand new A/C unit, brand new kitchen appliances, a balcony, ample closet space, and in-unit laundry. Expand your living space by taking advantage of the buildings gym, community room, and rooftop deck. Make the most of your downtown living, by walking to local restaurants, breweries, events, and festivals, all with-in about a 5-20min walk from your home. Looking for a part-time place downtown? Rent out your space when you're not using it. Have a small furry friend? Up to 2 small pets (25lbs or less) are welcome. Schedule your showing today and start your urban adventure!