120 SW 5th St UNIT 602Des 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
Investment property for sale in Des Moines at 120 SW 5th St UNIT 602, Des Moines, IA, 50309 uses $106,047 cash to close to unlock $476/yr annual cash flow and $40/mo monthly cash flow. Total monthly income runs $2,765/mo, and a $1,566/mo payment keeps the spread at $40/mo. Purchase price stands at $319,900, and rental yield measures 10.37% with $2,765/mo rent. Return on cash invested shows 20.36% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 108.32% and total cumulative return in cash records $114,872. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,765/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Condo
Built in 1913
N/A lot
$N/A/sqft
$563 monthly HOA
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Listed by: Maggie Martin • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #713076
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.