1240 49th St UNIT 6West Des MoinesIA50266
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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 West Des Moines at 1240 49th St UNIT 6, West Des Moines, IA, 50266 earns $179/mo cash flow from $1,081/mo rent with a $680/mo payment. Total monthly income totals $1,081/mo, and annual cash flow totals $2,143/yr on $46,079 capital. ROI tracks 24.56% on current figures, and rental yield reads 9.33% at a $139,000 purchase. Equity gained on principal adds $897/yr, and 5% annual appreciation supports $38,403 over five years. Five-year ROI reaches 128.23% and total cumulative return in cash sums $59,084. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,081/mo property income instead of your personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50266, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,158 (100%) |
| Owner Occupied HU | 9,448 (46.9%) |
| Renter Occupied HU | 8,717 (43.2%) |
| Vacant Housing Units | 1,993 ( 9.9%) |
| Median Home Value | $398,812 |
| Average Home Value | $442,652 |
Housing Distribution
Address Breakdown
Residential
19,201
Single Family
11,911
Multi-Family
7,290
Businesses
1,810
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Listed by: Angela Loper • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #733011