1314 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
Total monthly income runs $3,100/mo, and a $3,451/mo payment. Purchase price stands at $705,000, and rental yield measures 5.28% with $3,100/mo rent. Return on cash invested shows 12.41% in year one, and 5% annual appreciation builds toward $194,779 over five years. Five-year ROI reaches 62.98% and total cumulative return in cash records $146,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,100/mo property income covering a $3,451/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
9,660 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: Brett Opdahl • RE/MAX Precision
Mls Name: DMMLS
Mls ID: #732296