1372 E 12th StDes 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
Investment property for sale in Des Moines at 1372 E 12th St, Des Moines, IA, 50316 earns from $1,255/mo rent with a $2,202/mo payment. Total monthly income totals $1,255/mo. ROI tracks 6.5% on current figures, and rental yield reads 3.35% at a $449,900 purchase. Equity gained on principal adds $2,903/yr, and 5% annual appreciation supports $124,299 over five years. Five-year ROI reaches 31.34% and total cumulative return in cash sums $46,738. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,255/mo property income instead of your personal income.
Multi Family
Built in 1907
9,713 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
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Nearby investment properties with comparable prices
Listed by: Julia Mena • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #725835