130 E McKinley AveDes MoinesIA50315
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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
Rental property for sale in Des Moines at 130 E McKinley Ave, Des Moines, IA, 50315 priced at $275,000 converts $1,330/mo rent into after a $1,346/mo obligation. Total monthly income equals $1,330/mo. Return on cash invested prints 13.91% in year one, and rental yield reads 5.8% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 71.05% and total cumulative return in cash sums $64,775. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,330/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Multi Family
Built in 1972
8,189 sqft lot
$N/A/sqft
No HOA
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Listed by: Amy Dempsey • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls ID: #724635