1150 12th StDes MoinesIA50314
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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 1150 12th St, Des Moines, IA, 50314 uses $53,040 cash to close to unlock $7,968/yr annual cash flow and $664/mo monthly cash flow. Total monthly income runs $1,703/mo, and a $783/mo payment keeps the spread at $664/mo. Purchase price stands at $159,999, and rental yield measures 12.77% with $1,703/mo rent. Return on cash invested shows 34.93% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 183.78% and total cumulative return in cash records $97,477. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,703/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1902
4,443 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50314, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,989 (100%) |
| Owner Occupied HU | 1,688 (33.8%) |
| Renter Occupied HU | 2,661 (53.3%) |
| Vacant Housing Units | 640 (12.8%) |
| Median Home Value | $168,263 |
| Average Home Value | $200,574 |
Housing Distribution
Address Breakdown
Residential
4,535
Single Family
3,252
Multi-Family
1,283
Businesses
370
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Listed by: Misty Darling • BH&G Real Estate Innovations
Mls Name: DMMLS
Mls Provider:
Mls ID: #705244
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.