112 11th St APT 601Des MoinesIA50309
INVESTMENT ANALYSIS
Investment Verdict
Solid Income112 11th St APT 601, Des Moines, IA, 50309 in Des Moines carries a 1.76 coverage ratio, rent of $1,200/mo is 1.76 times the $683/mo payment. Rental yield 9.48%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $151,900 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $41,967; total projected cumulative return: $71,528.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.5% |
| Monthly Cash Flow | $(185) | $450 |
City averages based on Des Moines market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,200 |
| Total Monthly Debt Service | $926 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1919
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1919
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anita Olson • Associated Realty
Mls Name: DMMLS
Mls ID: #733033