131 10th StWest Des MoinesIA50265
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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 West Des Moines at 131 10th St, West Des Moines, IA, 50265 uses $99,450 cash to close to unlock $6,216/yr annual cash flow and $518/mo monthly cash flow. Total monthly income runs $2,466/mo, and a $1,468/mo payment keeps the spread at $518/mo. Purchase price stands at $300,000, and rental yield measures 9.86% with $2,466/mo rent. Return on cash invested shows 26.16% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 136.75% and total cumulative return in cash records $135,996. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,466/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1900
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,157 (100%) |
| Owner Occupied HU | 9,392 (62.0%) |
| Renter Occupied HU | 4,929 (32.5%) |
| Vacant Housing Units | 836 ( 5.5%) |
| Median Home Value | $310,899 |
| Average Home Value | $379,482 |
Housing Distribution
Address Breakdown
Residential
15,049
Single Family
11,438
Multi-Family
3,611
Businesses
1,103
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Listed by: Eric Quiner • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #719526
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.