1127 23rd StDes MoinesIA50311
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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
Investment Highlights
Investment property for sale in Des Moines at 1127 23rd St, Des Moines, IA, 50311 uses $99,119 cash to close to unlock $4,471/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $2,314/mo, and a $1,463/mo payment keeps the spread at $373/mo. Purchase price stands at $299,000, and rental yield measures 9.29% with $2,314/mo rent. Return on cash invested shows 24.42% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 127.45% and total cumulative return in cash records $126,322. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,314/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1902
8,145 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,741 (100%) |
| Owner Occupied HU | 3,326 (49.3%) |
| Renter Occupied HU | 2,882 (42.8%) |
| Vacant Housing Units | 533 ( 7.9%) |
| Median Home Value | $257,277 |
| Average Home Value | $278,646 |
Housing Distribution
Address Breakdown
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
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Listed by: Jenny Farrell • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #733021