1306 Loomis 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 1306 Loomis Ave, Des Moines, IA, 50315 generates $1,621/mo in rent and, after a $1,003/mo payment, leaves $234/mo in cash flow. Total monthly income is $1,621/mo, and annual cash flow is $2,806/yr on $67,924 invested. Return on cash invested sits at 24.04% in year one, and rental yield is 9.49% on a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 125.75% and total cumulative return in cash sums $85,414. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,621/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
8,015 sqft lot
$N/A/sqft
No HOA
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Listed by: Kurt Clements • ListWithFreedom.com
Mls Name: DMMLS
Mls Provider:
Mls ID: #704123
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.