1144 57th 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
Rental property for sale in Des Moines at 1144 57th St, Des Moines, IA, 50311 generates $1,324/mo in rent and, after a $808/mo payment, leaves $208/mo in cash flow. Total monthly income is $1,324/mo, and annual cash flow is $2,499/yr on $54,698 invested. Return on cash invested sits at 24.48% in year one, and rental yield is 9.63% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 128.14% and total cumulative return in cash sums $70,091. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,324/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
0.28 Acres 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: Andrew Mays • Century 21 Signature
Mls Name: DMMLS
Mls Provider:
Mls ID: #721081
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.