1303 22nd StDes MoinesIA50311
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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 Des Moines at 1303 22nd St, Des Moines, IA, 50311 uses $54,698 cash to close to unlock $2,136/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $1,250/mo, and a $808/mo payment keeps the spread at $178/mo. Purchase price stands at $165,000, and rental yield measures 9.09% with $1,250/mo rent. Return on cash invested shows 23.81% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 124.17% and total cumulative return in cash records $67,919. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,250/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1902
4,791 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
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Listed by: Seth Walker • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #732399