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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Des Moines at 1130 39th St, Des Moines, IA, 50311 offers a 9.29% rental yield on a $300,000 purchase with $2,323/mo rent. Total monthly income registers $2,323/mo, and a $1,468/mo payment leaves $375/mo available for distribution. Annual cash flow reaches $4,500/yr on $99,450 to close, and return on cash invested stands at 24.43% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 127.49% and total cumulative return in cash at $126,792. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,323/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,621 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
| 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 |
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
Date | Event | Price |
|---|---|---|
| 2024-10-18 | Price change | $300,000 |
| 2024-04-23 | Listed for sale | $292,000 |
| 2021-05-18 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $4126.00 | 0.73% | $235,100 | 18.68% |
| 2022-11-20 | $4096.00 | 5.13% | $198,100 | N/A |
| 2021-11-20 | $3896.00 | -3.71% | $198,100 | 10.61% |
Listed by: Heather Wright • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #706155
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
