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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 Des Moines at 1332 E Sheridan Ave, Des Moines, IA, 50316 offers a 8.68% rental yield on a $224,000 purchase with $1,620/mo rent. Total monthly income registers $1,620/mo, and a $1,096/mo payment leaves $166/mo available for distribution. Annual cash flow reaches $1,987/yr on $74,256 to close, and return on cash invested stands at 22.59% in year one. Equity gained on principal adds $1,445/yr while 5% annual appreciation supports $61,887 over five years. Portfolio math shows five-year ROI at 117.61% and total cumulative return in cash at $87,331. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,620/mo property income against a $1,096/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1912
6,621 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50316, Des Moines, IA area.
| 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 |
Residential
5,910
Single Family
4,964
Multi-Family
946
Businesses
468
Date | Event | Price |
|---|---|---|
| 2025-08-25 | Listed for sale | $224,000 |
| 2025-08-22 | Pending sale | $224,000 |
| 2025-07-14 | Price change | $224,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-28 | $2626.00 | 16.30% | $133,500 | N/A |
| 2023-08-28 | $2258.00 | 0.80% | $133,500 | 27.51% |
| 2022-08-28 | $2240.00 | 8.63% | $104,700 | N/A |
Listed by: Laura Slavin • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #720368
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.
