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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 1250 9th St, Des Moines, IA, 50314 uses $66,267 cash to close to unlock $9,986/yr annual cash flow and $832/mo monthly cash flow. Total monthly income runs $2,130/mo, and a $978/mo payment keeps the spread at $832/mo. Purchase price stands at $199,900, and rental yield measures 12.79% with $2,130/mo rent. Return on cash invested shows 34.98% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 184.13% and total cumulative return in cash records $122,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,130/mo property income covering a $978/mo payment rather than investor’s personal income.
Multi Family
Built in 1893
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50314, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,989 (100%) |
| Owner Occupied HU | 1,688 (33.8%) |
| Renter Occupied HU | 2,661 (53.3%) |
| Vacant Housing Units | 640 (12.8%) |
| Median Home Value | $168,263 |
| Average Home Value | $200,574 |
Residential
4,535
Single Family
3,252
Multi-Family
1,283
Businesses
370
Date | Event | Price |
|---|---|---|
| 2024-06-25 | Price change | $199,900 |
| 2024-05-01 | Listed for sale | $212,500 |
| 2023-11-30 | Sold | $159,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2026.00 | 0.70% | $118,500 | 37.79% |
| 2022-10-15 | $2012.00 | 6.23% | $86,000 | N/A |
| 2021-10-15 | $1894.00 | -3.76% | $86,000 | 13.31% |
Listed by: Jeff Swehla • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #694412
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.
