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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Des Moines at 1222 47th St, Des Moines, IA, 50311 uses $115,694 cash to close to unlock $9,703/yr annual cash flow and $809/mo monthly cash flow. Total monthly income runs $3,100/mo, and a $1,708/mo payment keeps the spread at $809/mo. Purchase price stands at $349,000, and rental yield measures 10.66% with $3,100/mo rent. Return on cash invested shows 28.3% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 148.31% and total cumulative return in cash records $171,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,100/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
7,535 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
| 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 |
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
Date | Event | Price |
|---|---|---|
| 2025-02-28 | Listed for sale | $349,000 |
| 1994-01-11 | Sold | $97,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-04 | $5606.00 | 0.75% | $285,500 | 20.01% |
| 2022-03-04 | $5564.00 | 3.57% | $237,900 | N/A |
| 2021-03-04 | $5372.00 | -3.76% | $237,900 | 10.50% |
Listed by: Jill Roghair • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #712546
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.
