1309 McCormick StDes MoinesIA50316
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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 1309 McCormick St, Des Moines, IA, 50316 priced at $206,500 converts $1,799/mo rent into $458/mo cash flow after a $1,011/mo obligation. Total monthly income equals $1,799/mo, and annual cash flow totals $5,491/yr on $68,455 invested. Return on cash invested prints 27.93% in year one, and rental yield reads 10.45% against a $206,500 entry. Equity gained on principal adds $1,333/yr, while 5% annual appreciation compiles into $57,052 by year five. Five-year ROI reaches 146.28% and total cumulative return in cash sums $100,137. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,799/mo property income covering a $1,011/mo payment, not borrower’s personal income.
Single Family
Built in 1972
6,664 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50316, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,465 (100%) |
| Owner Occupied HU | 3,346 (51.8%) |
| Renter Occupied HU | 2,621 (40.5%) |
| Vacant Housing Units | 498 ( 7.7%) |
| Median Home Value | $150,369 |
| Average Home Value | $226,314 |
Housing Distribution
Address Breakdown
Residential
5,910
Single Family
4,964
Multi-Family
946
Businesses
468
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Listed by: Samantha Hartley-Bullen • RE/MAX Results
Mls Name: DMMLS
Mls Provider:
Mls ID: #718807
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.