112 11th St APT 607, Des Moines, IA, 50309 | $285/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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112 11th St APT 607, Des Moines, IA, 50309 | $285/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 607, Des Moines, IA, 50309 uses $52,046 cash to close to unlock $3,418/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $1,304/mo, and a $768/mo payment keeps the spread at $285/mo. Purchase price stands at $157,000, and rental yield measures 9.97% with $1,304/mo rent. Return on cash invested shows 26.48% in year one, and 5% annual appreciation builds toward $43,376 over five years. Five-year ROI reaches 138.47% and total cumulative return in cash records $72,068. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,304/mo property income covering a $768/mo payment rather than investor’s personal income.

Condo

Built in 1919

N/A lot

$N/A/sqft

No HOA

More details about the property

Mulberry Lofts / Top-Floor Industrial Loft with Modern Upgrades Experience true loft living in this stunning top-floor residence offering historic industrial character paired with thoughtful contemporary updates. Featuring concrete floors, exposed brick and ductwork, soaring 16' ceilings, and oversized windows, this home delivers an authentic loft aesthetic filled with natural light. The updated kitchen and functional open layout make everyday living effortless. A well-designed bathroom provides generous storage, complemented by in-unit laundry for added convenience. Enjoy fresh air and skyline views from your balcony. Recent upgrades include modern appliances, furnace in 2025, custom window treatments, and bathroom vanity. Ample closet space with custom built-ins ensures exceptional in-unit storage. Mulberry Lofts offers a full suite of amenities including a fully equipped fitness center, rooftop deck, community room, resident and freight elevators, and additional basement storage. Garage parking is available just across the street.