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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in West Des Moines at 1316 Locust St, West Des Moines, IA, 50265 earns $216/mo cash flow from $1,551/mo rent with a $964/mo payment. Total monthly income totals $1,551/mo, and annual cash flow totals $2,596/yr on $65,306 capital. ROI tracks 23.88% on current figures, and rental yield reads 9.45% at a $197,000 purchase. Equity gained on principal adds $1,271/yr, and 5% annual appreciation supports $54,427 over five years. Five-year ROI reaches 124.97% and total cumulative return in cash sums $81,614. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,551/mo property income instead of your personal income.
Single Family
Built in 1940
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.
| 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 |
Residential
15,049
Single Family
11,438
Multi-Family
3,611
Businesses
1,103
Date | Event | Price |
|---|---|---|
| 2024-11-14 | Sold | $197,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $3660.72 | 3.12% | $236,900 | 19.41% |
| 2022-01-27 | $3550.00 | 4.35% | $198,400 | N/A |
| 2021-01-27 | $3402.00 | 1.73% | $198,400 | 9.31% |
Listed by: Diana Pastor • Country Estates Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #709227
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.
