1301 47th St, Des Moines, IA, 50311 | $232/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1301 47th St, Des Moines, IA, 50311 | $232/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 1301 47th St, Des Moines, IA, 50311 earns $232/mo cash flow from $1,369/mo rent with a $857/mo payment. Total monthly income totals $1,369/mo, and annual cash flow totals $2,784/yr on $58,013 capital. ROI tracks 24.71% on current figures, and rental yield reads 9.39% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 128.98% and total cumulative return in cash sums $74,827. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,369/mo property income instead of your personal income.

Single Family

Built in 1922

6,185 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming, affordable, and move-in ready! This adorable bungalow in Waveland Park proves you don't have to sacrifice location for price. This home sits in one of Des Moines' most loved neighborhoods, surrounded by tree-lined streets and close to Roosevelt shops, Beaverdale favorites, and Waveland Golf Course. The enclosed front porch welcomes you in and doubles as a cozy spot for morning coffee or evening hangs. Inside, you'll find original hardwood floors, arched doorways, and tons of natural light that make the space feel warm and inviting. Beyond the aesthetic details, this home has a long list of updates- please request the full list as it's extensive!

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