1173 Grays PkwyDes MoinesIA50309
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 1173 Grays Pkwy, Des Moines, IA, 50309 in Des Moines is capital appreciation. Rental yield 1.81%. The 1.81% gross yield at $978,550 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $270,355 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.34) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $58,542.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.8% | 6.5% |
| Monthly Cash Flow | $(4,877) | $450 |
City averages based on Des Moines market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,478 |
| Total Monthly Debt Service | $5,966 |
| DSCR Ratio | 0.25x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
2,134 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2025
2,134 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hanna Carlson • Hubbell Homes of Iowa, LLC
Mls Name: DMMLS
Mls ID: #729551