1316 Hull AveDes MoinesIA50316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1316 Hull Ave, Des Moines, IA, 50316 priced at $169,900 converts $1,222/mo rent into $118/mo cash flow after a $832/mo obligation. Total monthly income equals $1,222/mo, and annual cash flow totals $1,418/yr on $56,322 invested. Return on cash invested prints 22.43% in year one, and rental yield reads 8.63% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 116.82% and total cumulative return in cash sums $65,798. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,222/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7,318 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Foster • Weichert, Realtors - 515 Agency
Mls Name: DMMLS
Mls Provider:
Mls ID: #716839
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.