1215 Merle Hay Rd, Des Moines, IA, 50311 | $284/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1215 Merle Hay Rd, Des Moines, IA, 50311 | $284/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Des Moines at 1215 Merle Hay Rd, Des Moines, IA, 50311 offers a 9.38% rental yield on a $214,900 purchase with $1,680/mo rent. Total monthly income registers $1,680/mo, and a $1,052/mo payment leaves $284/mo available for distribution. Annual cash flow reaches $3,410/yr on $71,239 to close, and return on cash invested stands at 24.7% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 128.99% and total cumulative return in cash at $91,890. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1924

6,621 sqft lot

$N/A/sqft

No HOA

More details about the property

This Merle Hay home is full of thoughtful details inside and out. You'll love the high ceilings and open flow between the kitchen and living room, perfect for both everyday living and entertaining. The kitchen is a showstopper with granite countertops and a gas stove that even non-cooks will appreciate. The versatile layout offers flexibility, including a main bedroom with an attached bonus room ideal for a walk-in closet, office, cozy sitting area or even a nursery. The refinished basement adds even more living space and another bonus room, giving you plenty of room to spread out. Need storage? You'll find an organized tote system in the space beneath the garage, perfect for keeping everything neatly in place. Outside, enjoy a fenced backyard that's great for kids, pets, or simply relaxing outdoors. The location is ideal with quick access to local amenities including shopping, parks, and restaurants. BONUS: This home is in a NFC lending area, offering access to special loan programs and potential grants for home improvements, an amazing opportunity for first-time buyers to build equity in a growing community. Come see why this adorable home could be the perfect start to your homeownership journey!

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