118 E Center StDes MoinesIA50309
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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 118 E Center St, Des Moines, IA, 50309 priced at $599,000 converts $3,831/mo rent into after a $2,932/mo obligation. Total monthly income equals $3,831/mo. Return on cash invested prints 18.24% in year one, and rental yield reads 7.67% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 94.78% and total cumulative return in cash sums $186,778. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,831/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Condo
Built in 2016
1,089 sqft lot
$N/A/sqft
$240 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Darla Willett-Rohrssen • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #717447
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