1242 37th St, Des Moines, IA, 50311 | $892/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1242 37th St, Des Moines, IA, 50311 | $892/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 1242 37th St, Des Moines, IA, 50311 listed at $339,900 pairs $3,100/mo rent with a $1,664/mo payment to leave $892/mo cash flow. Total monthly income runs $3,100/mo, and annual cash flow reaches $10,706/yr on $112,677 cash to close. Return on cash invested measures 29.41% in year one, and rental yield registers 10.94% at a $339,900 basis. Equity gained on principal adds $2,193/yr, and annual property appreciation at 5% supports $93,908 by year five. Five-year ROI tracks 154.22% and total cumulative return in cash totals $173,771. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,100/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1912

7,013 sqft lot

$N/A/sqft

No HOA

More details about the property

Are you tired of all of the homes looking....the same? Located on a dead end street, step into timeless elegance with this beautifully updated 1912 home that seamlessly blends old-world charm with modern convenience. From the moment you arrive, youll be captivated by the original woodwork, inviting window seats, and architectural details that give this home its unique character. Inside, youll find a remodeled and expanded kitchen perfect for todays lifestyle, alongside beautifully refinished woodwork that preserves the homes historic charm. The home offers incredible versatility and natural light with three solariums or office spaces, and a sun porch off the primary bedroom, ideal for remote work, reading nooks, or creative retreats. Theres also a finished attic space, offering additional room for guests, hobbies, or storage. Underneath the carpet? Beautifully preserved hardwood floors. Major updates provide peace of mind, including a new roof (2023), new furnace (2024), new A/C (2025), new insulated windows, and cedar siding that adds warmth and curb appeal. This one-of-a-kind home offers the best of both worlds: historic craftsmanship and thoughtful modern updates. Dont miss your chance to own a piece of historyfull of charm, light, and livability!

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